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Which of the following is not a characteristic of a liability? Multiple Choice It results from past transactions or events. It must be payable in
Which of the following is not a characteristic of a liability?
Multiple Choice
It results from past transactions or events.
It must be payable in cash.
It arises from present obligations to other entities.
It represents a probable, future sacrifice of economic benefits.
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The ASQ Certified Quality Auditor Handbook
Authors: Lance B Coleman
5th Edition
1951058097, 978-1951058098
