Asked by Micah Jones on May 04, 2024
Verified
Which of the following liabilities are not related to the operating cycle?
A) Salaries and wages payable
B) Accounts payable
C) Utilities payable
D) Bonds payable
Bonds Payable
Long-term liabilities representing money a company must pay back to bondholders by a specified maturity date, including the borrowed principal amount and periodic interest payments.
- Familiarize oneself with the organization of liabilities and assets recorded on the balance sheet.
Verified Answer
CS
Connor SchulteMay 08, 2024
Final Answer :
D
Explanation :
Bonds payable are long-term liabilities and not part of the operating cycle, while Salaries and wages payable, Accounts payable, and Utilities payable are all short-term liabilities that are part of the operating cycle.
Learning Objectives
- Familiarize oneself with the organization of liabilities and assets recorded on the balance sheet.
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