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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 223.31-3.2%3:59 PM EST
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To: willcousa who wrote (12157)11/19/2004 12:48:33 PM
From: BWAC  Read Replies (1) of 25522
 
<Accounts Payable and Taxes Payable are Liabilities - Not Assets.>

Of course they are liabilities, BUT since you haven't paid them the means to pay them have been accumulating in the current assets section. (IE More sales, more cash in, more receivables, all offsetting the increased payables.)
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