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Item: Steve has a total of $2500 in assets and $6000 in liabilities. Part A: In two or more complete sentences, explain how you would calculate Steve's total net worth. Part B: In two or more complete sentences, describe Steve's net worth as positive or negative and Justify your answer.​

Item Steve has a total of 2500 in assets and 6000 in liabilities Part A In two or more complete sentences explain how you would calculate Steves total net worth class=

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mhanifa

Answer:

Net worth is the difference of assets and liabilities.

Steve's net worth is:

  • $2500 - $6000 = - $3500

Since his liabilities are greater than assets his net worth is negative.

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