If you have total assets of $10 000 and your net worth is $4000,how much liabilities do you have?
A)$4000
B)$6000
C)$10 000
D)$14 000

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting liabilities from total assets.

Net worth = Total assets - Liabilities

Therefore, Liabilities = Total assets - Net worth

Plugging in the given values:

Liabilities = $10 000 - $4000 = $6000

So, the best choice is B.

If You Have Total Assets of $10 000 and Your