Question: Net worth: is another term for total assets means that assets and liabilities are generally reported on the balance sheet at their market values is

Net worth:
is another term for total assets
means that assets and liabilities are generally reported on the balance sheet at their market values
is a misleading term because assets and liabilities are not generally "worth" the amounts reported on the balance sheet
implies that the net assets are worth the amount reported on the balance sheet
Net worth: is another term for total assets means that assets

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