Where the Entity Presents Current Assets Separately from Non-Current Assets

question 59

Multiple Choice

Where the entity presents current assets separately from non-current assets and current liabilities separately from non-current liabilities what disclosure is the entity required to make under AASB 101?

• A) The reason for selecting that style of presentation.
• B) The length of its operating cycle if it has clearly been identified as being greater than 12 months.
• C) The net amount of working capital.
• D) A list of the assets and liabilities in the order of their liquidity.
• E) None of the given answers.

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Definitions:

News Release

An official statement issued to the media to announce something of interest, also known as a press release.

Industry Conventions

Gatherings or conferences where professionals from a particular sector meet to discuss innovations, trends, and best practices.

Self-Congratulatory

Expressing pride in one's own achievements or qualities in a way that shows too much satisfaction with oneself.

Letters Of Recommendation

Written endorsements of a person's character, skills, and achievements, typically used in academic or job applications.