A family has a net worth of $156,000 and liabilities of $167,000. What is the amount of their assets?

1 Answer
Semaphorism
May 18, 2017

The amount of their assets will be, $323,000.

Explanation:

Because,
#Net Worth= Assets-Liabilities #

So if that's true, then this is true;
#Assets= Liabilities+Net Worth#

Therefore,
#Assets= 156,000+167,000#

So answer is,
#323,000#

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