Julio has a house worth $220,000. he has a $175,000 mortgage. julio says that in this situation, his asset is really only $45,000. which statement explains whether julio is correct?
a. julio is correct because the $45,000 equity in the house is the real asset.
b. julio is correct because he can pay $45,000 and have no more liabilities.
c. julio is not correct because the same item cannot represent both an asset and a liability.
d. julio is not correct because the house cannot be worth more than the mortgage.

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?