Question

If someone has more Liabilities than Assets, they have a negative net worth.

Question 4 options:


A. True
B. False

Answer 1

Answer: True

Explanation: You net worth is the amount in which you’re asset exceed you liabilities, in other words net worth Is the difference between what you own and what you owe. So basically, if your liabilities, what you owe, are greater than your assets, what you own, you have a negative net worth.

Hope this helped! :)