Given $5,000 worth of total assets and $20,000 in total balance of liabilities, what is the net worth?(1 point)
Responses
$15,000
$15,000
$10,000
$10,000
$25,000
$25,000
−$15,000
To calculate the net worth, we subtract the total balance of liabilities from the total assets. In this case, the net worth would be:
$5,000 - $20,000 = -$15,000
Therefore, the correct answer is −$15,000.