CFA Practice Question

There are 120 practice questions for this study session.

CFA Practice Question

The ______ is the period of time between the receipt of inventory and the payment for it.
A. accounts payable period
B. cash cycle
C. operating cycle
Explanation: The cash cycle begins once the inventory is paid for. The period of time between the receipt of inventory and payment for it is just a part of the operating cycle.

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