Asked by Grethel Hodovanec on Apr 26, 2024
Verified
The _____ demonstrates the value of a business.
A) net worth
B) assets
C) liabilities
D) accounts payable
Net Worth
Assets minus liabilities, which demonstrates the value of a business.
Business Value
The importance or worth of something to a business, including tangible and intangible benefits that contribute to the company's success.
- Utilize accounting formulas for the appraisal of a firm's financial standing and operational efficiency.
Verified Answer
LP
Lourie PetersApr 28, 2024
Final Answer :
A
Explanation :
Net worth demonstrates the value of a business by showing the difference between its assets and liabilities, essentially indicating the financial health and value of the business.
Learning Objectives
- Utilize accounting formulas for the appraisal of a firm's financial standing and operational efficiency.