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    Core Concepts of Accounting
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    Exam 2: Concepts and Elements Underlying Accounting
  5. Question
    The Accounting Cycle Refers to the Time It Takes a Business
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The Accounting Cycle Refers to the Time It Takes a Business

Question 90

Question 90

True/False

The accounting cycle refers to the time it takes a business to buy (or manufacture) inventory, sell that inventory, and collect the selling price of that inventory.

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