The Criteria for Recognition of a Liability Include Which of the Following

Multiple Choice

The criteria for recognition of a liability include which of the following?

A) The obligation represents a present obligation, not a potential future commitment or intent.
B) The obligation exists as a result of a past transaction or exchange, called the obligating event.
C) The obligation requires the probable future sacrifice of an economic resource that the firm has little or no discretion to avoid.
D) The obligation has a relevant measurement attribute that the firm can quantify with sufficient reliability.
E) all of the above