What are the essential characteristics of liabilities for purposes of financial reporting?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 02, 2013 06:32 AM

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What are the essential characteristics of liabilities for purposes of financial reporting?

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A liability entails the present the future and the pas...View the full answer

Intermediate Accounting

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