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bravata bravata
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7 years ago
For a liability to exist:
A) a past transaction or event must have occurred.
B) the exact amount must be known.
C) the identity of the party must be known.
D) an obligation to pay cash in the future must exist.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
Good timing, thanks!
ethom947
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Yesterday
Helped a lot
Marctheshark
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2 hours ago
Just got PERFECT on my quiz
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