The Missouri Net Worth Statement (Long Form) is a financial statement used by individuals to report their net worth. This document is used by individuals and businesses to measure their financial progress over time. The statement is divided into two parts: assets and liabilities. Assets include items such as cash, investments, accounts receivable, and real estate; liabilities include items such as credit card debt, mortgage and other loans, and accounts payable. The total net worth is calculated by subtracting liabilities from assets. The Missouri Net Worth Statement (Long Form) is available in two versions: the Full Form and the Short Form. The Full Form is a more comprehensive document that requires more detail. It includes additional categories of assets and liabilities, and also requires statements of income and expenses. The Short Form is a streamlined version of the Full Form and can be used by individuals who do not need all the information required by the Full Form. The Missouri Net Worth Statement (Long Form) is used to assess an individual's financial health and to plan for their financial future. It can be used for budgeting, forecasting, and tracking progress over time. It is also used by creditors and lenders to evaluate an individual's creditworthiness.