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Which is not a main characteristic of a liability? Liabilities create a present obligation for future payment of cash or services. Liabilities are an unavoidable
Which is not a main characteristic of a liability?
Liabilities create a present obligation for future payment of cash or services.
Liabilities are an unavoidable obligation.
Liabilities occur because of a past transaction or event.
Liabilities are always longterm.
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
