Multiple Choice
Which of the following would not explain the difference between current and non-current assets?
A) The future benefit of current assets will generally be used up within the entity's operating cycle.
B) An expenditure is classified as a non-current asset if it is considered to be material.
C) An asset is classified as non-current if it is intended to be used within the business for a considerable period of time.
D) The nature and intention of the business can help determine whether an expenditure should be classified as a non-current asset.
Correct Answer:

Verified
Correct Answer:
Verified
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