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).
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).
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?
- Assets (what is owned).
- Neither.
- 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?
- Assets (what is owned).
- Liabilities (what is owed).
- Neither.
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?
Total assets | $2,400; total liabilities | $800; net worth | ?. Ari reads Ms. Frost's pretend net worth record. The total assets are $2,400 and the total liabilities are $800. 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?