Current assets are assets _______________ and fixed assets are assets _______________ .

a.	converted to cash during the accounting year; converted to cash during the accounting year
b.	converted to cash during the accounting year; that have an expected life in excess of one year
c.	that have an expected life in excess of one year; converted to cash during the accounting year
d.	that have an expected life in excess of one year; that have an expected life in excess of one year