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QUESTION
Sarah bought a coat on credit, a necklace with cash, a pair of earrings with money her friend loaned to her, and a ring with the money her grandparents sent for her birthday. Which one is a liability?
Sarah bought a coat on credit, a necklace with cash, a pair of earrings with money her friend loaned to her, and a ring with the money her grandparents sent for her birthday. Which one is a liability? (Choose all that apply)
A coat
B Pair of earrings
C Ring
D Necklace
