Almost All Current Liabilities Affect the Operating Category of the Statement

question 22

Multiple Choice

Almost all current liabilities affect the operating category of the statement of cash flows, but one that does not affect cash provided by operating activities is

• A) accounts payable.
• B) interest payable.
• C) notes payable.
• D) taxes payable.

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Definitions:

Outsourcing

The practice of delegating certain tasks or functions to external parties or contractors instead of handling them in-house.

Revocability

The capability or the right to withdraw or cancel something, such as privileges, decisions, or policies, often within a legal or contractual context.

Organizational Effectiveness

Refers to how efficiently and effectively an organization achieves its goals and meets its stakeholders' needs.

Downsizing

The process of reducing the number of employees within a company, often to cut costs or improve efficiency.