Over the period of a year, sam’s net worth increased. which of the following could be true? a. sam’s assets and liabilities decreased by the same amount. b.sam’s assets and liabilities increased by the same amount. c.sam’s assets increased by more than his liabilities. d.sam’s assets decreased by more than his liabilities.  select the best answer from the choices providedabcd

Sam's assets increased by more than his liabilities ( C )

Explanation:

Sam's net worth increased because his assets increased more than his liabilities because the more assets you have the more your net worth and also the less liabilities you have the more your net worth as well. alternatively if your assets and liabilities are growing at the same rate your net worth won't change.

An asset is any property or product weather tangible or not been owned by anybody or entity that produces a positive economy value is an asset. generally assets appreciate with time.  example of an Asset is owning a block of flats ( real estate )

A liability is any property or product that produces or incurs a negative economy value to a person or corporation example of a liability is owning a luxury car or a Jet

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

answer; sprint;