Mathematics, 23.03.2021 22:10, pmartand

In order to reduce their debt, the Johnsons sold some real estate property valued at $165,000 for $143,000. They paid off a loan balance of $100,000 and put the rest in savings. Which of the following is a true statement? a.
The Johnsons increased their liabilities.
b.
The Johnsons increased their liquid assets.
c.
The Johnsons increased their net worth.
d.
The Johnsons increased their use assets.

Answers: 2

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In order to reduce their debt, the Johnsons sold some real estate property valued at $165,000 for $1...