If total assets are 500 and total liabilities are 320, net worth is

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Prepare for the FFA Farm Business Management Contest with quizzes featuring flashcards and multiple-choice questions, each with hints and explanations. Get ahead for your exam today!

Multiple Choice

If total assets are 500 and total liabilities are 320, net worth is

Explanation:
Net worth is found by subtracting total liabilities from total assets. With total assets of 500 and total liabilities of 320, net worth = 500 − 320 = 180. So the result is 180. The other numbers don’t fit the calculation: 1800 would require a much larger difference, -180 would imply liabilities exceed assets, and 0 would mean assets equal liabilities, which isn’t the case here.

Net worth is found by subtracting total liabilities from total assets. With total assets of 500 and total liabilities of 320, net worth = 500 − 320 = 180. So the result is 180. The other numbers don’t fit the calculation: 1800 would require a much larger difference, -180 would imply liabilities exceed assets, and 0 would mean assets equal liabilities, which isn’t the case here.

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