Question: For the purpose of classifying liabilities as current or non-current, the term operating cycle refers to: A.the time period between purchase of merchandise and the

For the purpose of classifying liabilities as current or non-current, the term operating cycle refers to:

A.the time period between purchase of merchandise and the conversion of this merchandise back to cash

B.a period of one year.

C.the average time period between business recessions.

D.the time period between date of sale and the date the related revenue is collected.

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