Final answer:
The typical characteristics of liabilities include future cash payments cannot be measured, the requirement of future cash payments, and interest accrues as time passes on long-term liabilities. So, the correct options are a), c) and d).
Step-by-step explanation:
The typical characteristics of liabilities include:
• Future cash payments cannot be measured: Liabilities often involve obligations that cannot be accurately quantified, such as legal settlements or environmental clean-up costs.
• The requirement of future cash payments: Liabilities involve obligations to make future cash payments or provide goods or services to others.
• Interest accrues as time passes on long-term liabilities: Long-term liabilities, such as bonds or loans, typically accrue interest over time.
Therefore, the correct options that represent the typical characteristics of liabilities are:
• Future cash payments cannot be measured
• The requirement of future cash payments
• Interest accrues as time passes on long-term liabilities