ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 292

c. To better understand sources of repayment.

d. To evaluate operating efficiency.

36. What is the relationship between current liabilities and a
company's operating cycle?

a. Liquidation of current liabilities is reasonably expected
within the company's operating cycle (or one year if less).

b. Current liabilities are the result of operating transactions.