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Which of the following are true: I. Assets equal Net Worth Minus Liabilities II. Liabilities are always greater than New Worth III. New Worth and Liabilities equal Assets IV: Liabilities equal Assets Minus Net Worth V. Liquid Assets equals Current Liabilities plus Net Worth

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Answer:

I

Explanation:

Asset is something that can generate value/income for you immediately or in the future, while liability is something that has the tendency of losing value or depreciating with time. Therefore, Assets = Net Worth minus Liabilities

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