Question

If your _________, your net worth on the balance sheet would have increased from one period to the next. liabilities increased and assets remained constant liabilities increased and assets decreased assets increased and liabilities remain constant income increased

Answer 1

The right answer for the question that is being asked and shown above is that: "liabilities increased and assets remained constant." If your liabilities increased and assets remained constant, your net worth on the balance sheet would have increased from one period to the next.