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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 303 / 352

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© D.L. Crumbley

Net Worth Example

$1,200,000

(550,000)

650,000

530,000

120,000

145,000

265,000

(130,000)

$135,000

Total assets (at cost)

Less: Total liabilities

Net worth, end of the year

Net worth at beginning of year

Increase or decrease in net worth

Add: living expenditures

Estimated Income

Less: Known sources of income

Unexplained income

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