Is a liability recorded when the identity of the recipient is unknown?

Yes, a liability can be recorded even when the identity of the recipient is unknown, as long as the obligation to pay exists and its amount can be reasonably estimated. This is often seen in situations like unclaimed property or liabilities related to contingent events. The key is that the obligation must meet the criteria of being probable and measurable, regardless of the recipient's identity. Proper disclosure in the financial statements is essential to inform stakeholders of such liabilities.