When using the current$/$noncurrent method, current assets are defined as

Multiple Choice

$$ inventory that is currently salable.

$$ assets with a maturity of one year or less.

assets with a maturity of $90$ days or less.

none of the options

The Difference between Implied and Book Value account is:

an asset or liability account reflected on the consolidated balance sheet.

used in allocating the amounts paid for recorded balance sheet accounts that are different than their fair values.

the excess implied value assigned to goodwill.

the unamortized excess that cannot be assigned to any related balance sheet accounts