Question

If the Operating Cycle cannot be identified, it is assumed to be a period of ______.

Options

• 10 months.

• 11 months.

• 9 months.

• 12 months.

Answer 1

If the Operating Cycle cannot be identified, it is assumed to be a period of 12 months.

Explanation:

This is in accordance with Schedule III, where it states: “Where the normal operating cycle cannot be identified, it is assumed to have a duration of 12 months.”