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EastWind [94]
3 years ago
14

What would happen to your net worth if you sold a tangible asset you owned for $1,000 and used the money to pay off your credit

card balance for $1,000?
Business
1 answer:
ASHA 777 [7]3 years ago
5 0

If you sold a tangible asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000, then your net worth would remain the same.

 

To add, the concept applicable to individuals and businesses as a key measure of how much an entity is <span>worth is called net worth.</span>

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