Assets Are Classified as Current for Reporting Purposes When

Multiple Choice

Assets are classified as current for reporting purposes when

A) shares of common stock in a company's important supplier are acquired to ensure continued availability of raw materials.
B) shares of common stock in another company are acquired to diversify operations.
C) expenditures are made in developing new technologies or advertising products.
D) they are reasonably expected to be turned into cash or to be sold or consumed during the normal operating cycle of the business.
E) they are reasonably expected to be turned into cash or to be sold or consumed within the next three years.