Question
The net worth of a person is -5000 and the value of their assets is $8000. What is the balance of their liabilities?
A. -$13000
B. -$3000
C. $3000
D. $13000
A. -$13000
B. -$3000
C. $3000
D. $13000
Answers
GPT 3.5
The balance of liabilities can be found by subtracting the value of assets from the net worth.
Balance of liabilities = Net worth - Value of assets
= (-$5000) - ($8000)
= -$13000
Therefore, the balance of liabilities is -$13000.
The correct answer is A. -$13000.
Balance of liabilities = Net worth - Value of assets
= (-$5000) - ($8000)
= -$13000
Therefore, the balance of liabilities is -$13000.
The correct answer is A. -$13000.