Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.


Over the period of a year, Julie's net worth decreased. Which of the following could be true?
a Julie's assets and liabilities decreased by the same amount.
b. Julie's assets and liabilities increased by the same amount.
C. Julie's assets increased by more than her liabilities.
d. Julie's assets decreased by more than her liabilities.
Please select the best answer from the choices provided

Sagot :

Answer: Julie's assets decreased by more than her liabilities.

Explanation:

Assets are simply the resources that a person or company has while liabilities has to do with the debt that the economic agent owes others.

The reason for the decrease in the net worth of Juliet will be when the value of her debt increased more than the rate at which her asset increased. In this case, Julie's assets decreased by more than her liabilities.

The correct option is D.

tlogan20139

Answer:

Julies assets decreased

Explanation:

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.