Question

Sophia's teacher is talking to the class about net worth. What does it mean for someone to have positive net worth?

A. Liabilities are equal to zero.
B
Assets are greater than liabilities.

C.
Liabilities are greater than assets.
D.
Liabilities and assets are equal.

Answer 1

Answer is B
Assets is what you have (total money)
Liabilities is what you need to pay(employees, rent, monthly payments etc)