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Which of the following is not a characteristic of a liability?

billyd1996

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Which of the following is not a characteristic of a liability?

Which of the following is not a characteristic of a liability?
A) obligation always arises from past events
B) probably requires future sacrifice of resources
C) requires sacrifice of cash or other current asset
D) present obligation

Textbook

Intermediate Accounting

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

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umadbra84

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pie, my2redeyes

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billyd1996 Author

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5 years ago

Thanks

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veronee_madison

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Good timing, thanks!

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