Which of the following is a characteristic of a liability?
A)It must require a sacrifice of economic resources.
B)It may be the result of future transactions.
C)The exact amount due must be known.
D)It may be avoidable.

Name: Which of the following is a characteristic of a liability? A)It must require a sacrifice of economic resources. B)It may be the result of future transactions. C)The exact amount due must be known. D)It may be avoidable.
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Question

Quizplus · Accepted Answer

The Answer is A

Which of the Following Is a Characteristic of a Liability