Answer:
d. Julie's assets decreased by more than her liabilities.
Step-by-step explanation:
Net worth is the excess of assets over liabilities, there an individual's net worth is the sum total of all his assets minus liabilities. A corporation's net worth is also the corporation's total assets minus liabilities.
A corporation's net worth is also called owners equity which can also be computed by summing up the retained earnings and the capital contributed by the owners, less all its short- and long-term liabilities.
The net worth of an individual in this case Julie, can decrease if either the assets decreased without a corresponding decrease in liabilities or when the liabilities increase without a corresponding increase in assets.
