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OpenStudy (anonymous):

Barbara bought a sweater and a necklace with cash. Which is the liability? A. Necklace B. Sweater C. Both A and B are liabilities D. Neither A nor B are liabilities I think its either C or D, can go really both ways, what do you guys think?

OpenStudy (anonymous):

wouldnt it be C, because she would now be responsible for those things?

OpenStudy (solomonzelman):

I am not sure about that. What course is that from?

OpenStudy (solomonzelman):

Well, I can agree with you b/c I don't see any difference btw Necklace & Sweater. Also why wouldn't she be responsible? So i think C.

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