Which activity is part of the operating cycle

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Reference no: EM131258885

1. Which activity is part of the operating cycle?

a. Buying property, plant and equipment

b. Selling goods and services

c. Issuing new shares

d. Negotiating a long-term note, payable to a bank

2. Public corporations are businesses:

a. whose stock is bought and sold privately.

b. where stock is not used as evidence of ownership.

c. whose stock is bought and sold on a stock exchange.

d. owned by two or more people, each of whom is personally liable for the debts of the business.

Reference no: EM131258885

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