Solved

Which of the Following Is Not an Attribute of a Liability

Question 64

Multiple Choice

Which of the following is not an attribute of a liability?


A) Present obligation to transfer resources to another entity.
B) The transfer is unavoidable by the entity.
C) The transfer results in reduced economic benefits to the entity making the transfer.
D) The event creating the responsibility has not yet occurred.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions