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Which statement about portals is not true?
Accounts Payable Period
The average amount of time it takes for a business to pay off its suppliers and creditors.
Cost Of Goods Sold
The direct financial outlays for creating goods sold by a company, covering materials and labor.
Cash Cycle
The time it takes for a company to convert its investments in inventory back into cash, encompassing the entire sales and payments process.
Factoring Receivables
The financial transaction where a business sells its accounts receivable (invoices) to a third party (factor) at a discount to obtain immediate cash.
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