The length of time between the acquisition of inventory and its sale is called the:
A)operating cycle.
B)inventory period.
C)accounts receivable period.
D)accounts payable period.
E)cash cycle.

Name: The length of time between the acquisition of inventory and its sale is called the: A)operating cycle. B)inventory period. C)accounts receivable period. D)accounts payable period. E)cash cycle.
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Question

Quizplus · Accepted Answer

The inventory period specifically refers to the time it takes for inventory to be sold after it is acquired.

The Length of Time Between the Acquisition of Inventory and Its