Which of the Following Liabilities Are Not Related to the Operating

question 165

Multiple Choice

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

• A) Wages payable
• B) Accounts payable
• C) Utilities payable
• D) Bonds payable

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Definitions:

Aggregate Income

The total income received by all factors of production in an economy during a given period, including wages, rents, and profits.

Aggregate Income

The total income earned by all individuals or entities in an economy, including wages, profits, rents, and investment earnings.

Consumption Function

An economic equation that links the total consumption to the gross national income.

Consumption Function

An economic formula representing the relationship between total consumption and gross national income, predicting consumer spending behavior.