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Which of the following is/are true? Multiple Choice All of the choices are...

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Question

Accounting

Which of the following is/are true?

Multiple Choice

  • All of the choices are correct.

  • The primary internal control goal for cash receipts is to ensure that the business receives the appropriate amount of cash and safely deposits it in the bank.

  • The operating cycle is a series of activities that a company undertakes to generate returns and, ultimately, revenues.

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