chandsingh

passme Wrote:
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> 1: NO. Operating Liability = Liability - Notes
> payable - Long term debts only
> 2: YES.


I guess I misunderstand your wording vs. the wording of the original question:

The Equation --> All liabilities - LT Notes - ST Notes

by definition includes Accounts Payable in it (and all other liabilities that are not interest bearing debts). So yes, it's included in the process. It's in there by virtue of definition.



Edited 1 time(s). Last edit at Wednesday, May 18, 2011 at 02:29AM by prophets.