What is the individuals adjusted net worth if the following items appear on her personal...
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Accounting
What is the individuals adjusted net worth if the following items appear on her personal financial statements: Total Assets of $4,000,000; Total Liabilities of $750,000; Assets include a privately held business valued at $1,500,000 with an appraisal or valuation method disclosed ; Amounts Due from the same business of $300,000; Cash of $40,000; Cash Surrender Value of Life Insurance of $20,000; and Unlisted Securities of $200,000 without a valuation source? ** Must show calculation
1) $2,200,000
2) $2,000,000
3) $1,450,000
4) $1,250,000
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