Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.


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 our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.