The Operating Cycle of a Company Is Determined by the Number

question 208

True/False

The operating cycle of a company is determined by the number of years the company has been operating.

---

Definitions:

RRSP

Registered Retirement Savings Plan, a retirement savings and investment vehicle for employees and the self-employed in Canada, offering tax benefits.

Twentieth Year

Referring to the twentieth year in a sequence or duration, often used in the context of anniversaries or timelines.

Annually

Occurring once every year or relating to a period of one year.

RRSP

Registered Retirement Savings Plan, a Canadian investment account designed to save for retirement, offering tax benefits.