Ted owns a Lexus worth $41,600. He owns a home worth $292,000. He has a checking account with $870 in it and a savings account with $1,610 in it. He has a mutual fund worth $90,290. His personal assets are worth $92,260. He still owes $28,080 on his car and $137,370 on his home, and he has a balance on his credit card of $1,320. What is Ted's net worth? Net worth

Ted owns a Lexus worth $41,600. He owns a home worth $292,000. He has a checking account with $870 in it and a savings account with $1,610 in it. He has a mutual fund worth $90,290. His personal assets are worth $92,260. He still owes $28,080 on his car and $137,370 on his home, and he has a balance on his credit card of $1,320. What is Ted's net worth? Net worth

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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