Payments to suppliers include items such as employee compensation, interest and income taxes.

Name: Payments to suppliers include items such as employee compensation, interest and income taxes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Payments to suppliers typically refer to the amounts paid for goods and services used in the production process or for direct resale, and do not include employee compensation, interest, or income taxes, which are categorized separately in financial accounting.

Payments to Suppliers Include Items Such as Employee Compensation, Interest