An Operating Cycle May Exceed 12 Months and Be Longer

question 65

True/False

An operating cycle may exceed 12 months and be longer than an accounting cycle.

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Definitions:

Active

Engaged in action; not passive.

Persistent

Exhibiting steadfastness and determination in action or belief, often in spite of obstacles or discouragement.

Women's Morality

The aspect of ethics and values that pertains to the distinct moral experiences, expressions, and choices made by women.

Responsibility

The state or obligation of being accountable or to blame for something, involving the duty to deal with something or of having control over someone.