James Howard graduated from college and obtained a full-time job in accounting.At the end of his first year of employment,his assets totaled $9,000.His liabilities totaled $3,000.His ____ was $6,000.
A) asset total
B) profit
C) net worth
D) cost of living
E) allocated total

Question

Quizplus · Accepted Answer

Net worth is calculated as assets minus liabilities, which in this case equals $6,000.

James Howard Graduated from College and Obtained a Full-Time Job