Liabilities:
A) Must have a known payee.
B) Must have a date for payment.
C) Must be certain.
D) Can be reliably estimated.
E) Must be for a specific amount.

Name: Liabilities: A) Must have a known payee. B) Must have a date for payment. C) Must be certain. D) Can be reliably estimated. E) Must be for a specific amount.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Liabilities do not need to have a known payee, specific payment date, or be for a specific amount, but they must be able to be reliably estimated.