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Represents the personal equity that the individual

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Which of the following statements is/are correct? 1. Net worth represents the personal equity that the individual has in his assets and can never be less than zero. 2. If Lisa purchased a car using 30% cash and 70% debt, her net worth would increase by 30%."

  • 1 only.
  • 2 only.
  • Both 1 and 2.
  • Neither 1 nor 2.

Reference no: EM131054209

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