Which of the following is NOT a characteristic of a liability a Resulting from past transactions or events b All of the above are characteristics of a liability c Arising from present obligations d Probable, future sacrifice of economic benefits

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Which of the following is NOT a characteristic of a liability? a. Resulting from past transactions or events b. All of the above are characteristics

Which of the following is NOT a characteristic of a liability?

	a.	Resulting from past transactions or events
	b.	All of the above are characteristics of a liability.
	c.	Arising from present obligations
	d.	Probable, future sacrifice of economic benefits

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