Question: The basis for classifying assets as current or non current is the time normally required by the accounting entity to convert cash invested in inventory

The basis for classifying assets as current or non current is the time normally required by the accounting entity to convert cash invested in
inventory back into cash or 12 months, whichever is longer
receivables back into cash or 12 months whichever is longer
tamfible fixed assets back into cash, or 12 months or whichever is longer
inventrory baack into cash or 12 months whichever is shorter

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