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1. Keiquan is calculating his net worth. He has listed these items: $50 rare baseball card, $15 cash, $10 owed for lunch, $25 in savings account. Which is not an asset? (Points : 1)
baseball card
cash
lunch bill
savings account
2. These are Tommy's calculations for his net worth: Net Worth = $321 - $350 = -$29. What does the negative net worth mean? (Points : 1)
His liabilities are larger than his assets.
His assets are larger than his liabilities.
His assets and liabilities are the same.
His assets and liabilities do not affect each other.
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