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4 The essential characteristics of a liability do not include: Chec ints Multiple Choice 0 0 : 1 4 : 1 4 A future sacrifice

4

The essential characteristics of a liability do not include:

Chec

ints

Multiple Choice

00

14

14

A future sacrifice of economic benefits.

The existence of a legal obligation.

Present obligation.

The existence of a past causal transaction or event.

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