Under IAS 1,Presentation of Financial Statements,which of the Following Is

Multiple Choice

Under IAS 1,Presentation of Financial Statements,which of the following is NOT a definition of a current liability:

A) It is a liability that is expected to be settled in an entity's normal operating cycle.
B) It is a liability primarily held for the purpose of trading.
C) It is a liability that does not have the right to defer until 18 months after the balance sheet date.
D) It is a liability that is expected to be settled within 12 months of the balance sheet date.