Q359
Net worth is also called
A.
asset net of liabilities
AnswerB.
liabilities net of assets
C.
earnings net on assets
D.
liabilities net of earnings
Answer: Option A
Solution
Answer: Option A
Solution:
Net worth is also called asset net of liabilities. Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector minus the value of all its outstanding liabilities.