Answer:
In summary, the statement "Julie's assets decreased by more than her liabilities" could be true if Julie's net worth decreased over the period of a year.
Explanation:
Given that Julie's net worth decreased over the period of a year, let's analyze the options provided to determine which could be true:
a. Julie's assets and liabilities decreased by the same amount.
This option suggests that both Julie's assets and liabilities decreased by the same amount. However, this does not necessarily result in a decrease in net worth. For example, if Julie's assets and liabilities both decrease by $100, her net worth would remain the same.
b. Julie's assets and liabilities increased by the same amount.
Since we know that Julie's net worth decreased, it is not possible for both her assets and liabilities to increase by the same amount. This option is not valid.
c. Julie's assets increased by more than her liabilities.
This option suggests that Julie's assets increased while her liabilities remained the same or decreased. If this were the case, her net worth would increase, which contradicts the given information. Therefore, this option is not valid.
d. Julie's assets decreased by more than her liabilities.
This option states that Julie's assets decreased while her liabilities remained the same or increased. If this were the case, her net worth would indeed decrease, which aligns with the given information. Therefore, this option could be true.
In summary, the statement "Julie's assets decreased by more than her liabilities" could be true if Julie's net worth decreased over the period of a year.