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Last week, Ken purchased a painting for $ 5 , 0 0 0 and paid for it with cash from his checking account. When he

Last week, Ken purchased a painting for $5,000 and paid for it with cash from his checking account. When he got home he realized that the painting's market value was actually $30,000.
What is the impact of this transaction on Ken's net worth?
Decrease of $5,000
Increase of $5,000
Decrease of $25,000
Increase of $25,0000
Decrease of $30,0000
Increase of $30,0000
No impact
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