A(n) ____ Is Defined as an Object That Has Separate

question 37

Multiple Choice

A(n) ____ is defined as an object that has separate and distinct existence with objective or conceptual reality.

• A) characteristic
• B) distinguished name
• C) identity
• D) entity

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Definitions:

Cash Collections

The process of gathering all receivables or cash owed by customers to a business within a specified period.

Average Collection Period

The usual number of days necessary for a firm to get payments from its buyers.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell the goods, and collect the receivables from the sale.