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Which of the following is a characteristic of a current​ liability?

a. Unavoidable obligation.

b. Present obligation that entails settlement by probable future transfer or use of cash, goods, or services.

c. Liquidation is reasonably expected to require use of existing resources classified as current assets or create other current liabilities.

d. Transaction or other event creating the liability has already occurred.

 

 

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Beverley Smith
Beverley SmithLv2
28 May 2020

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