Question

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

A
B
C
D

Answer 1

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Answer 2

Answer:

The right answer will be (d) Julie’s assets decreased by more than her liabilities.  

It is universally true that Net worth gets decreased when liabilities are more than the assets.

When it is said the net worth of Julie is decreased, then we can assume that her liabilities are more than her assets, hence the 4th option (d) befits the situation.