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).
- Neither.
- Liabilities (what is owed).
Bo reads Mr. Dunn's pretend net worth record. The amount owed on the car is $1,800 to be paid. Which column of the record does it go in?
- Assets (what is owned), as it is money.
- Liabilities (what is owed).
- Neither.
Jun reads Ms. Frost's pretend net worth record. The amount owed to the dentist is $90 to be paid. Which column of the record does it go in?
- Neither.
- Assets (what is owned).
- Liabilities (what is owed).
Luz reads Mr. Grove's pretend net worth record. The amount owed on a phone is $60 to be paid. Which column of the record does it go in?
- Neither.
- Assets (what is owned).
- Liabilities (what is owed).
Read this first
Net worth record, liabilities column
Item Amount car $1,800 dentist $90 phone $60 Noah reads Mr. Vance's pretend net worth record. What is the total of the liabilities column?
Ren reads Ms. Hale's pretend net worth record. What is the total of the liabilities column?
Zee reads Mr. Dunn's pretend net worth record. What is the total of the liabilities column?
Total assets | $5,200; total liabilities | $1,950; net worth | ?. Bo reads Ms. Shaw's pretend net worth record. The total assets are $5,200 and the total liabilities are $1,950. What is the net worth?
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?