In April you have your car painted and you are billed $700 for the work. The garage agrees that you can pay half the bill in May and the rest in June. Which of the following is true?

Select one:

a. None of the choices

b. Your net worth decreases by $700 in April

c. Your net worth decreases by $700 in May when the entire bill is paid

d. Your net worth decreases by $350 in May and another $350 in June