The difference between total assets of a firm and its total
The difference between total assets of a firm and its total liabilities is called
net liabilities.
net current assets.
net working capital.
net worth.
| a. | net liabilities. | |
| b. | net current assets. | |
| c. | net working capital. | |
| d. | net worth. |
Solution
Answer: D
The difference between total assets of a firm and its total liabilities is called Net Worth. It is also called book value or shareholders\' equity.
