The characteristic shared by all liabilities is that they:
A)provide a future economic benefit.
B)result in an inflow of resources to the company.
C)always end in the word "payable."
D)obligate the company to do something in the future.

Question

Quizplus · Accepted Answer

Liabilities are debts and other obligations that must be paid or settled in the future.Not all liabilities have the word "payable" in their names.

The Characteristic Shared by All Liabilities Is That They