Before you complete your net worth statement, you should determine or estimate the current value of everything you own. This is crucial as the net worth statement relies on an accurate assessment of your assets and liabilities to calculate your overall financial position.
What should you do before you complete your net worth statement?(1 point)
Responses
Redistribute the investments in your retirement account.
Redistribute the investments in your retirement account.
Decide what, if anything, you are going to leave to your children in your will.
Decide what, if anything, you are going to leave to your children in your will.
Complete your income statement.
Complete your income statement.
Determine or estimate the current value of everything you own.
Determine or estimate the current value of everything you own.
1 answer