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The essential characteristics of a liability do not include: Multiple Choice The existence of a legal obligation. Present obligation. A future sacrifice of economic benefits.
The essential characteristics of a liability do not include:
Multiple Choice
The existence of a legal obligation.
Present obligation.
A future sacrifice of economic benefits.
The existence of a past causal transaction or event.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
