Do liabilities always involve future payments of cash?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 19, 2023 04:36 AM

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Do liabilities always involve future payments of cash?

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Liabilities generally refer to obligations or debts that an entity owes to external parties While many liabilities do involve future payments of cash ...View the full answer

Financial Accounting An Integrated Approach

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