Assets, Liabilities, and Net Worth
Assessment
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Alycia WATKINS
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Mathematics
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7th - 8th Grade
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2 plays
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Hard
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10 questions
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1.
Multiple Choice
Property owned by an individual
Liability
Asset
Property
Net Worth
2.
Multiple Choice
Debts and financial obligations (responsibilities).
Liabilities
Assets
Negative Net Worth
Property
3.
Multiple Choice
Examples of Liabilities include which of the following:
Loans, credit cards, and real property
Loans, mortgage, and credit cards
Loans, Art collection, and savings account
Mortgage, credit card, and real property
4.
Multiple Choice
Examples of assets include:
Real Property, Car, and credit cards
Car, Jewelry, and Checking account
Art collection, Jewelry, and unpaid taxes
Real Property, Car loan, Jewelry
5.
Multiple Choice
Net Worth if equal to:
Liabilities added to assets
Assets minus liabilities
Assets added to liabilities
6.
Multiple Choice
Bank Loan
Mortgage
Debit Card
Savings account
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