Liabilities
A)Can be reliably estimated
B)Must be certain
C)Must be for a specific amount
D)Must have a date for payment
E)Must have a known payee

Question

Quizplus · Accepted Answer

Liabilities can be reliably estimated, which means that even if the exact amount or date of payment is not known, an estimate can be made based on available information. This allows for the recognition of obligations that the company expects to settle in the future.