Which of the Following Is Not a Characteristic of a Liability

question 73

Multiple Choice

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

• A) It represents a probable, future sacrifice of economic benefits.
• B) It must be payable in cash.
• C) It arises from present obligations to other entities.
• D) It results from past transactions or events.

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Definitions:

Matter Cycle

The movement and exchange of organic and inorganic matter back into the production of living matter, involving processes like the carbon and nitrogen cycles.

Ecological Pyramid

A graphical representation that shows the biomass or bio productivity at each trophic level in a given ecosystem.

Producer Trophic Level

The first level in a food web, comprised of organisms that produce organic materials (usually through photosynthesis) from inorganic substances.

Base

A substance that can accept hydrogen ions (protons) or more generally, donate a pair of valence electrons; in nucleic acids, a nitrogen-containing molecule that forms part of the genetic code.