Question

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. Please select the best answer from the choices provided A B C D

Answer 1

The correct answer is option "b", "The Johnsons increased their liquid assets".

The inquiry is giving us the accompanying situation: "so as to reduce their debt, the Johnson's sold some land property esteemed at $165,000 for $143,000. They paid off an advance adjust of $100,000 and put the rest in investment funds." We can see that they really lost cash - they got for the house not as much as the house is worth - they diminished their net esteem. Be that as it may, they have more money that they can utilize (the investment funds) - this is called liquid assets,  so the right answer is b, The Johnsons expanded their liquid assets.

Answer 2

Answer:  

The Johnsons increased their liquid assets.

Step-by-step explanation: