Which of the Following Liabilities Are Not Related to the Operating

question 82

Multiple Choice

Which of the following liabilities are not related to the operating cycle?

• A) Salaries and wages payable
• B) Accounts payable
• C) Utilities payable
• D) Bonds payable

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Definitions:

Federal Open Market Committee

The branch of the Federal Reserve System that is responsible for determining the direction of monetary policy, specifically by directing open market operations.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure stability and economic growth.

Discretion

The freedom to decide what should be done in a particular situation, often referring to judgment in professional and personal contexts.

Aggregate Demand

The complete need for every product and service within an economy at a specific overall price level during a certain time frame.