CFA Practice Question

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CFA Practice Question

The cash cycle is the time between when inventory is ______

A. acquired and when it is actually paid for.
B. paid for and when the cash is collected from its sale.
C. acquired and when cash is received for the sale.
D. acquired and when it is actually sold.
Correct Answer: B

A. This defines the accounts payable period.
C. This defines the operating cycle.
D. This defines the inventory period.

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