On a bank's balance sheet, the value of its assets must equal the value of its _____ Group of answer choices net worth only. its revenues plus costs. liabilities only. its liabilities plus net worth. its revenues minus costs.

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bntljaquan5925 bntljaquan5925

29-04-2022
Business

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On a bank's balance sheet, the value of its assets must equal the value of its _____ Group of answer choices net worth only. its revenues plus costs. liabilities only. its liabilities plus net worth. its revenues minus costs.

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ewomazinoade ewomazinoade · Answer 1 · 2022-05-04T11:57:36+02:00

On a bank's balance sheet, the value of its assets must equal the value of its liabilities plus net worth.

What can the asset be determined?

A balance sheet is a financial statement that reports a company's assets, liabilities and net worth at a point in time.

According to the accounting equation: assets = liabilties + net worth

Net worth is total assets less liabilities. Assets are items owned by a person that creates future benefits. Liabilities are what are owed to another person.

To learn more about net worth, please check: https://brainly.com/question/27110299

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