An Entity ________ Is a Collection of Entities That Share

question 63

Multiple Choice

An entity ________ is a collection of entities that share common properties or characteristics.

• A)Object
• B)Type
• C)Subject
• D)Relationship

---

Definitions:

Operating Cycle

The average time period between purchasing goods for inventory and receiving cash from selling those goods.

Accounts Receivables

Sums due to a company from its customers for products or services rendered but not yet compensated for.

Investing Activity

Operations concerning the buying and selling of long-term assets and other financial investments that do not qualify as cash equivalents.

Suppliers

Entities or individuals that provide goods or services to another entity or individual, usually in a business-to-business context.