2
QuizMultiple Choice

Net Worth

Question 2 • 26-27 Ignite Technical Math-Financial Math - MA2007

In order to reduce their debt, the Johnsons sold some real estate property valued at $165,000 for $143,000. They paid off a loan balance of $100,000 and put the rest in savings. Which of the following is a true statement?a.The Johnsons increased their liabilities.b.The Johnsons increased their liquid assets.c.The Johnsons increased their net worth.d.The Johnsons increased their use assets.

Answer
A
A
B
B
C
C
D
D
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