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A balance sheet in the context of Financial Planning and Wealth Management is a a snapshot of everything an individual or family owns at

A balance sheet in the context of Financial Planning and Wealth Management is a a snapshot of everything an individual or family owns at a given point in time. What basic equation is correct for determining Net Worth? Net Worth = Assets + Liabilities Net Worth = Assets + Liabilities - Shareholder's Equity Net Worth = Assets Liabilities Net Worth = Current Assets - Long Term Liabilities

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