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  3. Study Set
    International Financial Reporting and Analysis
  4. Exam
    Exam 10: Structure of Published Financial Statements
  5. Question
    An Asset Should Be Classified as a Current Asset Even
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An Asset Should Be Classified as a Current Asset Even

Question 3

Question 3

True/False

An asset should be classified as a current asset even if it is restricted from being exchanged for at least 12 months after the accounting period.

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