An item is classified as current: [1]
A. if it is involved in entity’s operating cycle.
B. If it is cash and cash equivalent
C. If it is to be realised/settled within 12 months.
D. All of the above
Answer:D
An item is classified as current: [1]
A. if it is involved in entity’s operating cycle. B. If it is cash and cash equivalent C. If it is to be realised/settled within 12 months. D. All of the above