Cash inflows-that is, the conversion of the current assets to more liquid forms-are relatively predictable, but the cash outlays for current liabilities are difficult to predict.

Question

Quizplus · Accepted Answer

Cash outlays for current liabilities such as accounts payable, taxes payable, and salaries payable are typically predictable as they are based on established payment terms and obligations.

Cash Inflows-That Is, the Conversion of the Current Assets to More