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please help!
complete the net worth statement by determining the total assets and total liabilities. what is the net worth?
A) $178,000
B) $180,338
C) $1,052,662
D) $1,233,000

Please Help Complete The Net Worth Statement By Determining The Total Assets And Total Liabilities What Is The Net Worth A 178000 B 180338 C 1052662 D 1233000 class=

Sagot :

Using it's concept, it is found that his net worth is given by:

C) $1,052,662

What is the net worth of an individual?

It is given by the sum of the individual assets subtracted by the sum of it's liabilities.

In this problem:

  • The sum of his assets is of $178,000 + $1,055,000 = $1,233,000.
  • The sum of his liabilities is of $145,908 + $34,430 = $180,338.

Hence, his net worth is given by:

Net worth = $1,233,000 - $180,338 = $1,052,662.

Which means that option C is correct.

More can be learned about net worth at https://brainly.com/question/27218751

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