Over the period of a year, julie's net worth decreased. which of the following could be true?
a. julie's assets and liabilities vecreased 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.
select the best answer from the choices provided
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d. Julie's assets decreased by more than her liabilities.

Step-by-step explanation:

Net worth is the excess of assets over liabilities, there an individual's net worth is the sum total of all his assets minus liabilities. A corporation's net worth is also the corporation's total assets minus liabilities.

A corporation's net worth is also called owners equity which can also be computed by summing up the retained earnings and the capital contributed by the owners, less all its short- and long-term liabilities.

The net worth of an individual in this case Julie, can decrease if either the assets decreased without a corresponding decrease in liabilities or when the liabilities increase without a corresponding increase in assets.

42.4

step-by-step explanation:

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