IAS 1's Definition of Current Assets and Further Discussion at Paragraph

Multiple Choice

IAS 1's definition of current assets and further discussion at paragraph 59 will:

A) simplify the recognition of current assets.
B) require greater professional judgement in order to determine an entity's normal operating cycle.
C) improve analysts' decisions, as ratios that use current assets will use the same information.
D) have implications for assessing the liquidity of entities as current assets will now include fewer items.