The Accounts Payable Period of the Operating Cycle

question 35

Multiple Choice

The accounts payable period of the operating cycle

• A)is equal to the inventory period.
• B)may run concurrently but shorter than the inventory period.
• C)may run concurrently but longer than the inventory period.
• D)any one of the above may be true.

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Definitions:

Note

A written promise to pay a specified amount of money at a given time or on demand.

Distinguish

To recognize or treat as different in some respect due to distinct characteristics or features.

Negotiable

Capable of being bargained or discussed to reach a mutual agreement, often used in the context of contracts, terms, or financial instruments.

Omitted

Left out or not included, either purposefully or accidentally.