Operating Liabilities | CFA Level 1 Exam | Test Prep

Operating Liabilities

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Question

Which of the following would be considered a liability that arises from operating activities?

Answers

Explanations

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A. B. C. D. E.

Explanation

All of these answers represent liabilities that originate from the operation of a business; i.e., from the normal course of operating a business. Liabilities that arise from "operations" typically do not require compensation in the form of interest. This can be contrasted with liabilities that arise from financing activities where the lender requires the payment of interest to compensate for the extension of credit.