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The characteristics of a liability include:
Group of answer choices
Occurrence of a past transaction or event.
Requirement of future payment of assets or rendering of services.
A liability can be current or non-current
Existence of a present obligation.
All of the above are characteristics of a liability.

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  • 1. The characteristics of a liability include: Group of answer choices Occurrence of a past transaction or event. Requirement of future payment of assets or rendering of services. A liability can be current or non-current Existence of a present obligation. All of the above are characteristics of a liability.