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Nico has a net worth of $150,000. Nico sold all of his assets for cash and used that cash to pay off all debts and obligations. In theory, how much cash would remain with Nico

Respuesta :

The cash that should remain with Nico is $150,000.

The following information should be considered:

  • Net worth represents the wealth of an individual & company.
  • It shows a difference between the assets & liabilities.

Given that,

  • The net worth is $150,000.
  • As the assets are sold for cash and used to pay off the debts.

Therefore we can conclude that the cash that should remain with Nico is $150,000.

Learn more about the asset here: brainly.com/question/13848560

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