What you own, what you owe, and net worth
Grade 7 Math Worksheet - Building Confidence
Circle the best answer, or write your answer on the line.
Ari reads Ms. Hale's pretend net worth record. The savings account holds $450 that is owned. Which column of the record does it go in?
- Assets (what is owned).
- Liabilities (what is owed).
- Neither.
Esme reads Mr. Cole's pretend net worth record. The bike is worth $120 and is owned. Which column of the record does it go in?
- Liabilities (what is owed).
- Neither.
- Assets (what is owned).
Kira reads Ms. Shaw's pretend net worth record. The car is worth $4,000 and is owned. Which column of the record does it go in?
- Neither.
- Assets (what is owned).
- Liabilities (what is owed).
Read this first
Net worth record, assets column
Item Amount savings $450 bike $120 tablet $200 Milo reads Ms. Wells's pretend net worth record. What is the total of the assets column?
Pia reads Ms. Yates's pretend net worth record. What is the total of the assets column?
Net worth record, liabilities column
Item Amount bike $70 electric bill $85 dentist $40 Ren reads Ms. Hale's pretend net worth record. What is the total of the liabilities column?
Net worth record, assets column
Item Amount savings $520 laptop $380 guitar $150 Tala reads Mr. Cole's pretend net worth record. What is the total of the assets column?
Net worth record, liabilities column
Item Amount furniture $260 phone $75 car $1,400 Zee reads Mr. Dunn's pretend net worth record. What is the total of the liabilities column?
Total assets | $870; total liabilities | $240; net worth | ?. Esme reads Mr. Grove's pretend net worth record. The total assets are $870 and the total liabilities are $240. What is the net worth?
Total assets | $3,900; total liabilities | $1,200; net worth | ?. Jun reads Ms. Wells's pretend net worth record. The total assets are $3,900 and the total liabilities are $1,200. What is the net worth?