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The distinction between a current asset and other assets:

A. Is based on how long the asset has been owned B.. is based on amounts that will be paid to other entities within a year. C. Is based on the ability to determine the current fair market value of the asset. D. Is based on when the asset is expected to be converted to cash, or used to benefit the entity.

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2014/10/26

D. Is based on the anticipated time of the asset's liquidation or beneficial usage by the company.  wordle today

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

D. Is based on when the asset is expected to be converted to cash, or used to benefit the entity.

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