Which of the Following Is Not a Characteristic of a Liability

question 63

Multiple Choice

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

• A)obligation always arises from past events
• B)probably requires future sacrifice of resources
• C)requires sacrifice of cash or other current asset
• D)present obligation

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Definitions:

Cover Letter

A document sent with a job application explaining the applicant's credentials and interest in the open position.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the reputation, customer loyalty, or other benefits of the business.

Favorable Response

An answer or reply that expresses approval, agreement, or positive recognition of a request or situation.

Résumé

A document summarizing one's personal information, education, qualifications, and employment experience, used when applying for a job.