4) All of the following are true of known liabilities except:A) Include accounts payable, notes payable, and payroll. B) Are obligations set by agreements, contracts, or laws. C) Are measurable. D) Are definitely determinable. E) May depend on some future event occurring.

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Jordan

Business

7 March, 00:59

4) All of the following are true of known liabilities except:A) Include accounts payable, notes payable, and payroll. B) Are obligations set by agreements, contracts, or laws. C) Are measurable. D) Are definitely determinable. E) May depend on some future event occurring.

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Kendall · Answer 1

Answer: E) May depend on some future event occurring. It is not a characteristic of known liabilities.

Explanation: Unknown or uncertain liabilities are those whose existence depends on the occurrence of a future event.

Known liabilities are definitely determinable and measurable.