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  3. 4. which of the following is not one of the essent

4. Which of the following is not one of the essential characteristics of a liability?...

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Accounting

4. Which of the following is not one of the essential characteristics of a liability?

a. Result from past transactions or events

b. Present sacrifice of economic benefits.

c. Arise from present obligations (to transfer goods or provide services) to other entities.

d. All the above are characteristics of liabilities.

e. None of the above are characteristics of liabilities It is the future sacrifice of economic benefits

Answer is B. Can you explain please?

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