The Operating Cycle Is the Time Required To

question 21

Multiple Choice

The operating cycle is the time required to:

• A)accept a customer order and manufacture the goods.
• B)close the accounts and prepare the post- closing trial balance.
• C)record accounting transactions and prepare financial statements.
• D)acquire goods and services for sale to customers; sell the goods and services; and collect cash from customers.

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Definitions:

Messaging

Messaging involves the creation and sharing of content to communicate with audiences, typically through written, visual, or digital means.

Publics

Groups of people that an organization identifies as its audience or stakeholders in various contexts.

Issues

Topics or problems under consideration or dispute, which may impact an organization or individual’s reputation and require management or resolution.

ELM

ELM, or the Elaboration Likelihood Model, is a theory in psychology that explains different ways of processing stimuli, why they are used, and their outcomes on attitude change.