Patrick has assets totaling $9,500 and liabilities totaling $1,900. Which expression finds Patrick's net worth?

Patrick has assets totaling $9,500 and liabilities totaling $1,900. Which expression finds Patrick's net worth?

• A. $9,500-$1,900
• B. $1,900-$9,500
• C. $9,500+$1,900
• D. $9,500

Answer: (A)

Net worth is what you own minus what you owe. So you subtract liabilities from assets. Patrick has assets of 9,500 and liabilities of 1,900, giving 9,500 − 1,900 = 7,600. This subtraction shows the remaining value after debts are paid. Adding them or subtracting in the opposite order would not reflect the true net worth.

Net worth is what you own minus what you owe. So you subtract liabilities from assets. Patrick has assets of 9,500 and liabilities of 1,900, giving 9,500 − 1,900 = 7,600. This subtraction shows the remaining value after debts are paid. Adding them or subtracting in the opposite order would not reflect the true net worth.