Based on the table, which of the following is true?
a.
From 2007 to 2008, both assets and liabilities decreased.
b.
From 2007 to 2008, both assets and liabilities increased.
c.
From 2007 to 2008, assets decreased and liabilities increased.
d.
From 2007 to 2008, assets increased and liabilities decreased. Which of the following modifications to the list of assets and liabilities below would result in a positive net worth?
Home owned $105,000.
Mortgage owed $100,000.
Car valued at $26,000.
Car loan of $22,000.
Investment fund of $4,500.
Savings of $1,500.
Credit card balance of $15,000.
a.
Lowering mortgage by $1,000.
b.
Increasing investment fund by $500.
c.
Adding $100 to savings.
d.
All of the above.