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    The Characteristic Shared by All Liabilities Is That They
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The Characteristic Shared by All Liabilities Is That They

Question 115

Question 115

Multiple Choice

The characteristic shared by all liabilities is that they:


A) provide a future economic benefit.
B) result in an inflow of resources to the company.
C) always end in the word "payable."
D) obligate the company to do something in the future.

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