HORTICULTURE

Detailed explanation-1: -In business, net worth is also known as book value or shareholders’ equity. The balance sheet is also known as a net worth statement. The value of a company’s equity equals the difference between the value of total assets and total liabilities.

Detailed explanation-2: -Net tangible assets are calculated as the total assets of a company, minus any intangible assets, all liabilities and the par value of preferred stock. Equity typically refers to shareholders’ equity, which represents the residual value to shareholders after debts and liabilities have been settled.

Detailed explanation-3: -A net worth statement is a financial tool that shows your financial position at a given point in time. It is like a “financial snapshot” that shows the dollar value of what you own (assets) and what you owe (liabilities or debts). This formula for calculating net worth is Assets – Liabilities = Net Worth.