True or False: Borrowing money and repaying debt results in changes in Net Worth. Select...

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Accounting

True or False: Borrowing money and repaying debt results in changes in Net Worth.
Select one:
True
False
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Richard has savings of $7,000 in his bank account and an apartment worth $100,000. He has student debt of $40,000. What is his net worth?
Select one:
a. $67,000
b. $60,000
c. $93,000
d. $107,000
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