Answered: Which of the following activities is…

Business

Accounting

Which of the following activities is not a component of the operating cycle? a.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following activities is not a component of the operating cycle? a. Purchase of merchandise. b. Collection of cash from merchandise sales. c. Sale of merchandise. d. Ordering of merchandise.

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