on a personal balance sheet, the net worth is simply the difference between assets and equity. a. true b…

on a personal balance sheet, the net worth is simply the difference between assets and equity. a. true b. false

on a personal balance sheet, the net worth is simply the difference between assets and equity. a. true b. false

Answer

Answer:

B. False

Brief Explanations:

Net worth on a personal balance - sheet is assets minus liabilities, not assets minus equity.