If your _____,your net worth on the balance sheet would have increased from one period to the next.
A) liabilities increased and assets remained constant
B) liabilities increased and assets decreased
C) assets increased and liabilities remain constant or decreased
D) income decreased
E) none of these

Question

Quizplus · Accepted Answer

If your assets increased and your liabilities remain constant or decreased, your net worth would have increased, thereby increasing your overall worth on the balance sheet.

If Your _____,Your Net Worth on the Balance Sheet Would