Bonita is considering purchasing an expensive piece of jewelry next month. the local jeweler is offering a three-year financing plan to her pay for the jewels. for the purposes of preparing bonita's financial statements for next year, you
i. list the jewels as an investment asset.
ii. list the loan amount as a current or short-term liability.
iii. list the jewels as a use asset.
iv. list the loan payment as a fixed expense on the income and expense statement.

a. i and ii
b. ii and iii
c. iii and iv
d. i and iv
e. ii and iv