If your _____, your net worth on the balance sheet will increase from one period to the next.
A) liabilities increase and assets remain constant
B) liabilities increase and assets decrease
C) assets increase and liabilities remain constant
D) income and liabilities decrease
E) liabilities and expenses increase

Question

Quizplus · Accepted Answer

If your assets increase and liabilities remain constant, it means you have gained more value in your assets, which will increase your net worth on the balance sheet.

If Your _____, Your Net Worth on the Balance Sheet