Multiple Choice
Which of the following is not a possible characteristic of current assets as defined by AASB 101?
A) a current asset is expected to be realised in, or is intended for sale or consumption in, the entity's normal operating cycle
B) a current asset is held primarily for the purpose of being traded
C) a current asset is expected to be realised within 12 months after the reporting date
D) a current asset is cash, excluding long term cash equivalents
Correct Answer:
Verified
Correct Answer:
Verified
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