Q9-51. For the purpose of classifying liabilities as current or non-current, the term operating cycle refers to
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Q9-51. For the purpose of classifying liabilities as current or non-current, the term operating cycle refers to
a. the time period between date of sale and the date the related revenue is collected.
b. the average time period between business recessions.
c. a period of one year.
d. the time period between purchase of merchandise and the conversion of this merchandise back to cash.
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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