the difference between total assets and total liabilities
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the difference between total assets and total liabilities
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Explanation:
Total long-term liabilities" is the sum of bonds payable, mortgages payable and notes payable. ... The amount attributed to owner's equity is the difference between total assets and total liabilities. The amount of equity the owner has in the business is an important yardstick used by investors to evaluate the company.
Answer:
Your net worth is the value of your total assets minus the total of your liabilities or debts. It’s pretty easy to calculate your net worth — just add up your assets, then subtract your liabilities. If you have more assets than liabilities, you have a positive net worth. If your liabilities are more than your assets, your net worth is negative.
Explanation: