Explain the operating cycle for a service company

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Question: 1. Classify the following assets as

(1) current assets,

(2) plant assets, or

(3) intangible assets:

(a) land used in operations,

(b) office supplies,

(d) insurance protection for the next 9 months,

(e) trucks used to provide services to customers,

(f) trademarks.

2. Cite at least two examples of assets classified as investments on the balance sheet.

3. Explain the operating cycle for a service company.

Reference no: EM131528383

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