Which of the Following Is Not a Characteristic of a Liability

question 1

Multiple Choice

Which of the following is not a characteristic of a liability?

• A)There is a probable future sacrifice of resources.
• B)There is a fixed payment amount and payment date.
• C)There is little discretion to avoid the obligation.
• D)The event giving rise to the liability has already occurred.

Identify various forms of government assistance and their characteristics.

Comprehend income mobility and its effects on income inequality.

Analyze the relationship between taxes, transfers, and income distribution through the Gini ratio.

Explain the role of discrimination, education, and training on income distribution.