In Order to Be Reported,liabilities Must

question 139

Multiple Choice

In order to be reported,liabilities must:

• A)Be certain.
• B)Sometimes be estimated.
• C)Be for a specific amount.
• D)Always have a definite date for payment.
• E)Involve an outflow of cash.

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Definitions:

Earlier Views

The perspectives, hypotheses, or theories that prevailed in scientific or cultural contexts before current understandings.

Geology

The science that deals with the Earth's physical structure and substance, its history, and the processes that act on it.

Traits Evolve

The process by which characteristics or traits of organisms change over generations through natural selection and genetic drift.

Species Survive

The ability of a species to continue existence and avoid extinction by adapting to environmental changes or overcoming threats.