Question

Which of the following are operating liabilities?

Current Liabilities:
Accounts payable, accrued expenses and other
Current maturities of long-term debt
Current maturities of non-recourse debt
Income taxes payable
Total current liabilities (variable interest entities - $157 and $162)
Long-term debt
Non-recourse debt
Deferred revenues
Deferred income tax liabilities
Liability for guest loyalty program
Other

Answer 1

short term liability resulting form the primary business operations. They are not interest bearing and comprises of accounts payable accrued expense and income tax payable.

hence accounts payable, accrued expense and other is an operating liability

current maturity of long term debt is interest bering hence it is not an operating liability.

as non recourse debt is colletrall saved debt but accrues interest hence it is not an operating liability.

income tax payable is a current liability and doesnot accrue interest hence it is an operating liability.

As all other subheads are part of long term debt and are hence not included in operating liability.

hence only accounts payable, accrued expense and others and income tax payable are operating liabilities.