Operating liabilities include all of the following except
A) accounts payable
B) pension obligations
C) accrued taxes
D) long-term debt

Question

Quizplus · Accepted Answer

Operating liabilities are generally short-term obligations that must be paid within one year, such as accounts payable, accrued expenses, and taxes payable. Long-term debt, on the other hand, is a financing activity and not an operating liability. Pension obligations may be classified as operating liabilities or long-term liabilities depending on the specific circumstances.

Operating Liabilities Include All of the Following Except