Which of the following statements about the Accounting Cycle is true? O It does not include the preparation of financial statements. O It is for unspecified time periods. It focuses on transactions. It is an unsystematic process. Submit You have used 0 of 1 attempt Multiple Choice 1.0 point possible (graded) True or False? A business transaction is any interaction that a company has with its employees, outsiders, regulatory agencies, creditors, etc., resulting in a change in its resources. O True False Submit You have used 0 of 1 attempt Save 99 Save