The Length of Time Between the Sale of Inventory and the Collection

question 52

Multiple Choice

The length of time between the sale of inventory and the collection of cash from receivables is called the:

• A)operating cycle.
• B)inventory period.
• C)accounts receivable period.
• D)accounts payable period.
• E)cash cycle.

---

Definitions:

Particular Court

A specific court designated by its jurisdiction, function, or location.

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographic area or type of case.

Concurrent Jurisdiction

Jurisdiction that exists when two different courts have the power to hear a case. For example, some cases can be heard in either a federal or a state court.

Federal

Federal refers to the national level of government, and the system of government that unites states or provinces within a country under a central authority.