Solved

Current Liabilities Are Generally Presented on the Statement of Financial

Question 82

True/False

Current liabilities are generally presented on the statement of financial position in order or liquidity, but IFRS allows presentation in reverse order of liquidity as well.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: When bonds are issued at a premium,

Q64: A financial liability means there is a

Q75: Interest rates on notes and loans are

Q76: The debt to total assets ratio measures

Q77: The carrying amount of a bond is

Q78: Most notes and bank loans are not

Q81: If a bond has a face value

Q83: The times interest earned ratio is calculated

Q85: If any portion of a non-current liability

Q113: The classification of a liability as current