Accounting entity to convert cash invested

Reference no: EM13154863

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

A. inventory back into cash, or 12 months, whichever is shorter.

B: receivables back into cash, or 12 months, whichever is longer.

C: tangible fixed assets back into cash, or 12 months, whichever is longer.

D: inventory back into cash, or 12 months, whichever is longer.

Reference no: EM13154863

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