Describe four liabilities. Each of the following characteristics should be illustrated by one or more of the
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Describe four liabilities. Each of the following characteristics should be illustrated by one or more of the liabilities you describe: (1) a liability that does not involve the payment of cash, (2) a liability that is not known with certainty, (3) a liability that is not legally enforceable, (4) a liability payable to an unknown recipient. d=1
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