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Which of the following is not one of the three criteria for recognition of a...

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Accounting

Which of the following is not one of the three criteria for recognition of a liability?

a. The obligation involves a probable future sacrifice of resources at a specified or determinable date.

b. The firm is required to make a cash payment for the goods or services.

c. The firm has little or no discretion to avoid the transfer.

d. The transaction or event giving rise to the liability has already occurred.

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