Business, 26.09.2021 02:10, simonthang8
6.Which of the following is not an essential characteristic of a liability?
A. A liability embodies a present obligation to be settled by a probable future transfer or use of assets.
B. The obligated company has little or no discretion to avoid the future sacrifice.
C. The obligation is legally enforceable. D. The transaction or event obligating the company has already happened
Answers: 2
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6.Which of the following is not an essential characteristic of a liability?
A. A liability embodie...
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