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?
- Assets (what is owned).
- Neither.
- 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?
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?
Net worth record, assets column
Item Amount car $3,400 savings $600 furniture $450 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 | $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 | $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?