Rita does chores for her neighbors and makes $45 each weekend. she owes her sister $80. rita has $178 in coins and a collection of baseball cards worth $475.

which is a liability?

economics

"Rita owes her sister $80" is a liability.

Step-by-step explanation:

Liability means the responsibility to pay back to whom an individual had owed it.

So, here,

1) Amount Rita makes each weekend = $45

So, it is her earned income .So, it will be  her asset.

2) Amount she has in coins = $178

Amount she collect from baseball cards = $475

Again, it is her asset as there is no responsibility to pay back.

3) Amount she owed her sister = $80

Here is the responsibility of $80 which should be pay back.

So, it is her liability.

Hence, "Rita owes her sister $80" is a liability.

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step-by-step explanation:

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