this is a multi part question if you are unsure of any answers give me an educated guess and let me know that you guessed thank you !

Which of the following does management have to possess in order to classify an asset as being current? Intent to effect conversion Ability to effect conversion Both intent and ability to effect conversion Neither intent or ability to effect conversion The balance in the Income Summary account after the first two closing entries are posted will be equal to which of the following? Total revenues Total expenses Net income Total dividends What is the total income tax expense for a company that reports an income tax benefit for a loss from continuing operations of $300,000, an income tax expense from operating income of a discontinued operation of $90,000, and an income tax benefit for a loss on the sale of a discontinued operation of $195,000. Use of which of the following will increase the computational precision of the Cash Conversion Cycle? Total operating expenses Annual credit purchases Income from a discontinued operation Correction of an error in a prior accounting period Which of the following does management have to possess in order to classify an asset as being current? Intent to effect conversion Ability to effect conversion Both intent and ability to effect conversion Neither intent or ability to effect conversion O