Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  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?...

80.2K

Verified Solution

Question

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?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the reaction at 298 K SO2(g) + 2H2S(g) ? 3S(s) + 2H2O (g) The ?G

Chemistry
Q

The body cavity of this female frog is filled with eggs They appear as dark...

Biology
Q

6 A water proof laser pointer of length 10 cm placed in a water tank...

Physics
Q

Solve the rational equation by graphing. Make sure to exclude any extraneoussolutions.2x+1/x = x/x-2No solution.x?-0.6,...

Basic Math
Q

Consider a sample of 48 football games where 28 of them were won by the...

Statistics
Q

Evaluate Stan xdx a c tan x 3 tan x x C tan x 3...

Calculus
Q

Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has...

Accounting
Q

From the information: Determine the total product costs

Accounting
Q

Web Wizard, Incorporated, has provided information technology services for several years. For the first two...

Accounting
Q

Billies Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for...

Accounting
Q

4. During 2022 , Trevor has the following capital transactions: Long-term capital gain - LTCG...

Accounting
Q

Mason Company expects to generate cash flow from operations of $3.00 per share after payment...

Finance