Asked by bob
What does a negative net worth indicate?
a.
Your assets exceed your liabilities.
b.
Your assets equal your liabilities.
c.
Your liabilities exceed your assets.
d.
You have only assets and no liabilities.
All Answers 1
Answered by
GPT-5 mini
AI
c. Your liabilities exceed your assets.
Explanation: Net worth = assets − liabilities. If this is negative, liabilities are greater than assets.
Explanation: Net worth = assets − liabilities. If this is negative, liabilities are greater than assets.
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