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.

The correct option is (b)

Step-by-step explanation:

Johnsons sold real estate property, which is a non-liquid asset to pay off a loan. Debt amount was $100,000 and property was sold for $143,000, So remaining amount of $43,000 is put in savings which is more liquid than investment in property. As such, Johnsons' liquid assets increased by $43,000.

Therefore, the correct option is (b)

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

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