3 of 28 FO) Marks What is an operating cycle? o a A cycle that involves the purchase of items such as inventory, production, sales, delivery of goods or provision of services, and receipts from customers. ob. A cycle where there is receipt of funding from investors, those funds are used to generate returns from investments and operations, and then the funds are retumed to investors OG. A cycle where a property is purchased that has long-term future benefits for the enterprise, which ultimately results in cash inflows, and then the property is disposed of. Od A cycle of transactions that converts cash inflows to cash outflows, or vice versa. Unsure Mans 4 of 28 Accounting information is considered to be relevant when it O a can be depended on to represent the economic conditions and events that it is intended to represent. O b. is capable of making a difference in a decision. Oc. is understandable by reasonably informed users of accounting information O d. is verifiable and neutral. Unsure