Calculation of net worth


Question: Using the January 1, 2008 asset & liability information, create a balance sheet for Kevin and Stacy Swain. Suppose that Kevin & Stacy have no unpaid bills. Assets on a balance sheet should be listed at the market current value, not the purchase value. Liabilities are listed at current outstanding balance. Calculate their net worth?

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Cost Accounting: Calculation of net worth
Reference No:- TGS022667

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