Which of the Following Is Not an Essential Characteristic of a Liability

question 35

Multiple Choice

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

• A) It has arisen as a result of a past transaction or event.
• B) It represents an internal claim on the entity's assets.
• C) It represents a present obligation to another entity.
• D) It requires the transfer of an economic resource to another entity.

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Definitions:

Gender Differences

The distinctions in characteristics and behaviors typically associated with being male or female, influenced by biological, psychological, and social factors.

Self-schema

A belief or idea about oneself that helps the individual to organize and process information relevant to self.

Working Self-concept

The part of one's self-identity that is actively present in consciousness at any given time, shaped by the situation and social interactions.

Reticular Activating System

A network of neurons located in the brainstem that is responsible for regulating wakefulness and sleep-wake transitions.