According to AASB 101,an Entity Will Classify a Liability as Current

Multiple Choice

According to AASB 101,an entity will classify a liability as current when:

A) it expects to settle the liability outside its normal operating cycle.
B) it expects to settle the liability within its normal operating cycle.
C) the entity has an unconditional right to defer the settlement of the liability for at least 12 months after the reporting date.
D) the liability is due to be settled more than 12 months after the reporting date.