The operating cycle describes how a product:
A) Is priced.
B) Is sold.
C) Moves through the current asset accounts.
D) Moves through the production process.
E) Generates a profit.

Question

Quizplus · Accepted Answer

The operating cycle refers to the process of how a product moves through the current asset accounts, from being bought as inventory, sold, and then the resulting receivables being collected.

The Operating Cycle Describes How a Product