Answer:The net worth of Joe and Mike will reduce.
Explanation:
It will reduce because the only asset they both have is the houses in the neighbourhood and since prices have reduced,their net worth will also reduce.
An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.
<h3>What is an account?</h3>
An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.
An account contains all types of transactions, whether related to financial or non-financial.
Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.
Learn more about the Account here:
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Answer:
D.) 150,000
Explanation:
Multiply 20,000 by 5 =100,00 then add 50,000
Renting is is leasing the home monthly for a certain amount & buying is paying in full with mortgage to own the home