Which of the following statements about a company's operating cycle is not true:

Most operating cycles are less than one year.

The operating cycle is the time span from when cash is used to acquire goods and services until cash is

received from the sale of goods and services.

Most companies use a one$-$year period to classify current and noncurrent items.

Non$-$current items are expected to come due within one year or the company's operating cycle.

Current items are expected to come due within one year or the company's operating cycle, whichever is longer.