The rare coin collection your grandmother gave you is part of your liabilities. Please select the best answer from the choices provided T F

Respuesta :

Answer:

Its F I just took the test

Step-by-step explanation:


Answer: False. The rare coin collection your grandmother gave you is part of you assets.

Explanation: A liability is when you owe something to someone, you are liable to pay something or do something for someone. Since your grandmother gave you a coin collection, it is known as an asset since it is not owed to anyone or you do not have to pay her for it. As asset is known as a valuable item or property owned by someone.