which of the following modifications to the list of assets and liabilities below would result in an increase…

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

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

Explanation:

Step1: Recall net - worth formula

Net worth = Assets - Liabilities.

Step2: Analyze option a

Putting $100 in savings increases assets by $100. So net worth increases.

Step3: Analyze option b

Paying $100 on credit - cards decreases liabilities by $100. So net worth increases.

Step4: Analyze option c

Getting paid $100 increases cash (an asset) by $100. So net worth increases.

Answer:

d. all of the above