Business, 02.03.2020 23:42 Jaimsters

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.

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

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