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Which of the following is not an essential characteristic of a liability? Group of answer choices a) It requires the transfer of an economic resource
Which of the following is not an essential characteristic of a liability?
Group of answer choices
a) It requires the transfer of an economic resource to another entity
b) It has arisen as a result of a past transaction or event
c) It represents an internal claim on the entity's assets
d) It represents a present obligation to another entity
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