If you sold something you owned for $1k and used that $1,000 to pay off the balance of your credit card debt, what would happen to your net worth? Your assets would increase by $2,000 Since your liabilities decreased by $1,000, your net worth would increase by $1,000 Your net worth would increase by $500 Since your assets decreased by $1,000, your net worth would decrease by $1,000 Your net worth would be unchanged