1. The cash cycle includes the time period between the time when

A. inventory is sold and the cash from that sale is received.

B. inventory is purchased and the cash from the sale of that inventory is received.

C. inventory is purchased and when the cash for that purchase is paid to the supplier.

D. the bill for the inventory purchase is received and the payment is made to the supplier.

E. the bill for the inventory is paid and the money from the sale of that inventory is received.

2. In a true merger, not a consolidation, the acquirer

A. and the target firm become a new firm with a new name.

B. accepts the responsibility for the debts of the target firm.

C. ceases to exist as a separate firm.

D. obtains only the assets of the target firm.

E. is totally absorbed by the acquired firm.