What are three main characteristics of liabilities

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1. A city council hires a consultant to help redisgn the building permit process of city .After gaining an understanding of the current process , the consultant suggest that the best solution is to create one-size-fits-all process to handle all building related applications.what is your opinion about the consultant solution ?

2. What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term? Include examples of short and long-term liabilities in your response.

Reference no: EM132229673

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