Current Altempt lis Progress

The basls for classifying arsets as current or noncurrent is the time normally required by the accounting entity to convert cash

ievested in

tangible foed assets back into cash, or $12$ months, whichever is longer.

recelvables back into cash, or $12$ months, whichever is longer.

irmentory back into cash, or $12$ months, whichever is longes.

ieventory back into cash or $12$ montho, whichever is shorter.