Multiple choice

The personal net worth equation =

  1. Total liabilities - Total assets

  2. Networth - Total liabilities

  3. Total assets - Total Liabilities

  4. None of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Net worth is defined as the total value of assets owned minus the total value of liabilities owed. This formula represents the individual's or business's equity.