The balance sheet of Incrad Clothes, LLC, as of December 31, 2017 is presented below.

Assets			Liabilities
Cash	$15,000		Accounts payable	$12,000
Merchandise inventory	56,000		Bank Loan	25,000
Furniture	12,000		Partner's Equity
Computer	15,000		Chad, Capital	45,000
Other assets	22,000		Brad, Capital	38,000
Total Assets	$120,000		Total Liabilities and Partner's Equity	$120,000

Which of the following statements is true regarding Incrad's balance sheet?

A.

The bank loan of $25,000 should be considered part of the Partner's Equity.

B.

Brad and Chad have limited liabilities for the partnership's debts because it is a limited liability company.

C.

The computer was purchased at a cost less than $15,000.

D.

The current market value of the furniture is $12,000.