Which of the following liabilities are not related to the operating cycle?
A) Wages payable
B) Accounts payable
C) Utilities payable
D) Bonds payable

Question

Quizplus · Accepted Answer

Bonds payable are long-term liabilities and are not typically related to the operating cycle, which refers to the time it takes a company to purchase inventory, sell the inventory to customers, and collect payment from customers. Wages, accounts payable, and utilities payable are all short-term liabilities that are typically paid off during the operating cycle.

Which of the Following Liabilities Are Not Related to the Operating