Which of the Following Is NOT a Characteristic of a Liability

question 74

Multiple Choice

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

• A) It will be settled by a future transfer of assets.
• B) The company has no discretion to avoid the future sacrifice.
• C) The obligating event has already happened.
• D) All of these choices

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Definitions:

Specialized Communication

Specialized Communication involves the use of specific language, tools, or platforms for effective exchange of information in particular fields or disciplines.

Relevant Examples

Relevant Examples are instances or cases that are directly connected to the topic at hand and serve to clarify or exemplify the subject matter.

Supportive Communication

A style of communication that is based on empathy, understanding, and encouragement to foster positive relationships.

Components

The individual parts or elements that make up a larger system, machine, or assembly, each playing a specific role in its function.