Current liabilities are mostly for:
A)operating activities
B)financing activities.
C)investing activities.
D)both A and B.

Question

Quizplus · Accepted Answer

Current liabilities are usually related to operating activities, such as accounts payable, salaries payable, and taxes payable. Financing activities may also result in short-term liabilities, but they are not the main source of current liabilities. Investing activities do not usually result in current liabilities.

Current Liabilities Are Mostly For