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:

Consumption Baskets

A collection of goods and services used to represent what is consumed by a typical household, employed in calculating the cost of living and inflation.

Future Rate

The anticipated interest rate or exchange rate of a financial instrument at a future point in time.

Canadian Bill

Short-term government securities issued by the Canadian government, similar to Treasury bills in the United States.

Indifferent

Refers to a state or condition where an individual or decision-maker does not prefer one option over another due to a perceived equality in value or benefit.