The Basis for Classifying Assets as Current or Noncurrent Is

Multiple Choice

The basis for classifying assets as current or noncurrent is the period of time normally elapsed from the time the accounting entity expends cash to the time it converts

A) Inventory back to cash or 12 months, whichever is shorter
B) Receivables back into cash or 12 months, whichever is longer
C) Tangible fixed assets back into cash or 12 months, whichever is longer
D) Inventory back to cash or 12 months, whichever is longer