According to the Text,almost All Current Liabilities Appear in the Operating

question 59

Essay

According to the text,almost all current liabilities appear in the Operating Activities category of the statement of cash flows,but there are exceptions.Explain the exceptions and give an example.

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Definitions:

JIT Systems

Just-In-Time Systems refer to a strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Inventory

The quantity of goods or materials that a business holds for the purpose of resale or production.