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Which of the following statements is / are correct? Net worth represents the personal equity that an entity has in his / her assets and

Which of the following statements is/are correct?
Net worth represents the personal equity that an entity has in his/her assets and can never be less than zero.
If Lisa purchased an asset using 30% cash and 70% debt, her net worth would increase by 30%.
Group of answer choices
Neither 1 nor 2
2 Only
1 Only
Both 1 and 2

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