The balance sheet equation is: Total Assets/Total Liabilities = Net Worth. Total Assets times Total Liabilities = Net Worth. Total Assets - Total Liabilities = Net Worth. Total Assets + Total Liabilities = Net Worth. Total Liabilities - Total Assets = Net Worth. The income statement includes income, liabilities, net worth. income, expenditures, surplus or deficit. expenditures, net worth, surplus or deficit. net worth, surplus, income or expenditures. savings, surplus, income or expenditures. Compared to other depository financial institutions, credit unions are run to benefit their members. pay higher interest on savings. charge lower rates on loans. all of these are true. none of these are true. Funds in a must remain on deposit for a stated time period to avoid an interest penalty. certificate of deposit U.S. Treasury bill checking account mutual fund passbook savings