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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 4: The Balance Sheet and the Statement of Shareholders Equity
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    Which Is Not a Required Characteristic for a Liability to Be
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Which Is Not a Required Characteristic for a Liability to Be

Question 83

Question 83

Multiple Choice

Which is not a required characteristic for a liability to be recognized?


A) Transfer
B) Service potential
C) Nonavoidable
D) Incurred

Correct Answer:

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