Question: If assets increase, while liabilities remain the same, the effect on net worth in a familys statement of financial position would be: A. To increase

If assets increase, while liabilities remain the same, the effect on net worth in a family’s statement of financial position would be:

A. To increase net worth B. To decrease net worth C. To leave net worth unchanged D. Indeterminate because it depends on whether the liabilities are shortterm or long-term

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