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The typical accounting cycle for a merchandising firm is generally A : shorter than a service firm because there is no Supplies account to balance.
The typical accounting cycle for a merchandising firm is generally
A :
shorter than a service firm because there is no Supplies account to balance.
B :
longer than for a service firm because of the additional closing entries required.
C :
longer than for a service firm because of the additional steps to purchase and sell Inventory.
D :
shorter than a service firm because of fewer adjusting entries required.
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