The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in Select one: a. inventory back into cash, or 12 months, whichever is shorter. b. tangible fixed assets back into cash, or 12 months, whichever is longer. c. inventory back into cash, or 12 months, whichever is longer. d. receivables back into cash, or 12 months, whichever is longer.
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