Question: After categorizing assets and calculating total assets, what do you do next when preparing the balance sheet? Multiple choice question. Classify liabilities, total the liabilities,

After categorizing assets and calculating total assets, what do you do next when preparing the balance sheet?
Multiple choice question.
Classify liabilities, total the liabilities, and calculate net worth
Calculate net worth and subtract it from liabilities
Total the liabilities and then calculate net worth

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