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:

Largest Purchasers

Entities or individuals that buy goods or services in large quantities, often having significant influence over market prices.

Payroll Companies

Businesses that specialize in managing the compensation of employees for other companies, including wages, taxes, and other deductions.

New Buy

A purchasing situation in which a buyer or company makes a significant purchase of a product or service for the first time, often involving considerable research and decision-making.

T.J.Maxx

A subsidiary of TJX Companies, Inc., known for selling discounted brand-name clothing, footwear, and home goods.