Which One of the Following Statements. Is/are True

question 3

Multiple Choice

Which one of the following statements. is/are true?

• A) by the end of 2010, it was estimated that the total size of Islamic financial assets was more than US$1 trillion
• B) Sharī'ah -compliant assets rose by 8.85 percent from US$722 billion in 2009 to US$985 billion in 2010
• C) by the end of 2011, the total estimate of Sharī'ah -compliant assets was put at US$1.38 trillion
• D) all of the above

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Definitions:

Cash Cycle

The duration between the outlay of cash for purchasing inventory and the receipt of cash from customer sales, indicating liquidity.

Accounts Payable Period

The mean duration for a company to settle payments with its suppliers and vendors.

Cash Flows

The entirety of capital movements entering and exiting a firm, significantly affecting its financial fluidity.

Controller

An executive role responsible for overseeing the accounting operations within a company, managing financial reporting, budgets, and internal controls.