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Which of these is not a necessary condition for recognizing a certain obligation as a liability? Select one: a . The obligation exists on the
Which of these is not a necessary condition for recognizing a certain obligation as a liability?
Select one:
a The obligation exists on the balance sheet date.
b The obligation is a probable future sacrifice of economic benefits.
c The obligation results from past transalions or events.
d The obligation can be legally enforced.
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