The accounting cycle ends with preparing financial statements.（)

A.the accounting cycle or one year, whichever is shorter.

B.the operating cycle or one year, whichever is longer.

C.the accounting cycle or one year, whichever is longer.

D.the operating cycle or one year, whichever is shorter.

A.Journalizing the business transactions

B.Preparation of a trial balanc

C.Posting of journal entries to ledger accounts

D.Foundation of a business

A.Journalizing the transactions

B.Preparing a sale order

C.Posting of journal entries to ledger accounts

D.Preparing a trial balance

A.preparing a post-closing trial balance

B.preparing the financial statements#

C.journalizing and posting the adjusting entries

D.journalizing and posting the closing entries

A.financing payables.

B.stretching out payables.

C.securitization of receivables.

A、preparing the financial statements

B、journalizing and posting the adjustingentries

C、preparing a post-closing trial balance

D、journalizing and posting the closingentries

A.(2), (1), (3)

B.(1), (2), (3)

C.(3), (1), (2)

D.(3), (2), (1)

Two software companies that report their financial statements under U.S.GAAP (generally accepted accounting principles) are identical except as to how soon they judge a project to be technologically feasible.One firm does so very early in the development cycle while the other usually waits until just before the project is released to manufacturing.Compared to the company that judges technological feasibility early, the one that waits until closer to manufacturing will most likely report lower:

A.financial leverage.

B.total asset turnover.

C.cash flow from operations.