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3 of 28 MAN What is an operating cycle? oa. A cycle that involves the purchase of items such as inventory, production, sales, delivery of

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3 of 28 MAN What is an operating" cycle? oa. 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 returned to investors oc. 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 Cooport 2 4 of 28 Mas Accounting informations 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 Ob is capable of making a difference in a decision Oc is understandable by reasonably informed users of accounting information Od is verifiable and neutral. Unsure

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