Which of the Following Statements Is Characteristic of Liabilities

Which of the following statements is characteristic of liabilities?

A) Liabilities must be legally enforceable to a known recipient.
B) Liabilities arise from past activities that require some future sacrifice of economic benefits.
C) The accounting principles followed require that current liabilities be listed in order of decreasing amounts on the balance sheet.
D) The accounting principles followed in some countries differ substantially from those of other countries, especially with respect to current liabilities.