Multiple Choice
The operating cycle of a business is best defined as which of the following?
A) one year
B) the length of time over which our plant and equipment assets are expected to be used by the company in generating revenues
C) the time it takes for a company to purchase and pay for goods or services from suppliers, sell those goods or services to customers and collect cash from the customers
D) the period of time for which we prepare our financial statements
Correct Answer:
Verified
Correct Answer:
Verified
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