Question

Which of the following modifications to the list of assets and liabilities below would result in an increase in net worth?

Cash of $300.


Car valued at $28,000.


Car loan of $22,000.


Motorcycle valued at $6,000.


Savings of $2,000.


Credit card balances of $4,000.


Student loan of $10,000.



a.

putting $100 in savings


b.

paying $100 on credit cards


c.

getting paid $100


d.

all of the above

Answer 1

Its the letter D ik because i just do aha

Answer 2

The modifications made to the list of assets and liabilities that would result in an increase in net worth is Option D. Net worth is defined as the value of all the non-financial and financial assets owned by an individual or an institution.

All of the above (Putting $100 in savings, Paying $100 on credit cards and Getting paid $100)