We can condense the items that require cash outflow into basic categories.Which of the below is a basic category?
A)Accounts payable for materials and supplies
B)Capital expenditures
C)Wages,taxes,and other operating expenses of the business
D)All of these

Question

Quizplus · Accepted Answer

All of the listed items require cash outflow and are basic categories for organizing expenses. Accounts payable for materials and supplies represents the money owed to vendors for goods purchased. Capital expenditures refer to investments made in long-term assets. Wages, taxes, and other operating expenses of the business include expenses related to day-to-day operations such as salaries, rent, and utilities.

We Can Condense the Items That Require Cash Outflow into Basic