______ are short-term liabilities, which include wages payable and taxes payable, that change spontaneously as the firm's normal operations change.

Question

Quizplus · Accepted Answer

Accruals are short-term liabilities that arise spontaneously from a firm's normal operations. These can include wages payable, taxes payable, and other similar obligations. Supplier credits, corporate bonds, notes payable, and receivables are not necessarily tied to a company's normal operations and may not change as spontaneously as accruals.

______ Are Short-Term Liabilities, Which Include Wages Payable and Taxes