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8 April, 11:12

If you have your net worth and assets, how do you get your liabilities?

1) nw=9456.00 a=15640.00 l=?

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  1. 8 April, 11:27
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    Net worth is derived by subtracting liabilities from assets.

    Net worth = Asset - Liabilities

    Based from the above formula:

    Asset = Liabilities + Net Worth

    Liabilities = Asset - Net Worth

    Liabilities = 15640 - 9456

    Liabilities = 6184

    Assets are your investments, properties, or any other income generating properties and activities

    Liabilities are your debts and other accounts payable

    Net worth is the net value of assets less liabilities
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