Which of the following could be true if one decreases their long term liability and increases their liquid assets? a. Paid off credit card balance and added money to savings. b. Paid off medical bills and invested money. c. Paid down mortgage and received a cash prize. d. Paid taxes owed and bought a car.

Question

Jasmine Nash

Business

17 November, 20:05

Which of the following could be true if one decreases their long term liability and increases their liquid assets? a. Paid off credit card balance and added money to savings. b. Paid off medical bills and invested money. c. Paid down mortgage and received a cash prize. d. Paid taxes owed and bought a car.

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Sophia Vasquez · Answer 1

The one could that be true if one decreases their long term liability and increases their liquid assets is they pad down their mortgage and won a cash prize. The correct answer is C.