Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount. 1. Assets $48,000;

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Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount.

1. Assets $48,000; liabilities $12,800; net worth $_______.

2. Assets $78,780; liabilities $_______; net worth $13,700.

3. Assets $44,280; liabilities $12,265; net worth $_______.

4. Assets $_______; liabilities $38,374; net worth $53,795.

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:02 PM

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Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount. 1. Assets $48,000;

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To compute the missing net worth use the formula net worth assets li...View the full answer

Personal Finance

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