Which of the following would not explain the difference between current and non-current assets? A.The future benefit of current assets will generally be used up within the entity's operating cycle B.An expenditure is classified as a non-current asset if it is considered to be material C.The nature and intention of the business can help determine whether an expenditure should be classified as a non-current asset D.An asset is classified as non-current if it is intended to be used within the business for a considerable period of time

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following would not explain the difference between current and non-current assets?

A.The future benefit of current assets will generally be used up within the entity's operating cycle

B.An expenditure is classified as a non-current asset if it is considered to be material

C.The nature and intention of the business can help determine whether an expenditure should be classified as a non-current asset

D.An asset is classified as non-current if it is intended to be used within the business for a considerable period of time

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