Question: The distinction between a current asset and other assets: Multiple Choice is based on how long the asset has been owned. is based on amounts

The distinction between a current asset and other assets:
Multiple Choice
is based on how long the asset has been owned.
is based on amounts that will be paid to other entities within a year.
is based on the ability to determine the current fair value of the asset.
is based on when the asset is expected to be converted to cash, or used to benefit the entity.

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