Question

Assets Liabilities
Checking and Savings $275
Owe $415 on graduation items
Rare Baseball Cards $210 Borrowed $50 from mom
Check for work done for a neighbor $19

This is a list of Karen's assets and liabilities.

What is her net worth?

$1
$39
$275
$294

Answer 1

Answer:

Step-by-step explanation:

$39

Answer 2

The net worth should be considered as the $39.

Calculation of the net worth;

We know that

Net worth = Total assets - total liabilities

here,

total assets = checking & savings + baseball card + check for work done

= $275 + $210 + $19

= $504

And, the total liabilities = owe + borrowed

= $415 + $50

= $465

So, the net worth be

= $504 - $465

= $39

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