A Liability Will Be Classified as 'Non-Current' If It Satisfies

question 13

Multiple Choice

A liability will be classified as 'non-current' if it satisfies which of the following criterion?

• A) it is held primarily for the purposes of being traded.
• B) due to be settled within twelve months of the balance date.
• C) expected to be settled in the entity's normal operating cycle.
• D) due to be settled more than twelve months after the statement of financial position date.

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Definitions:

Organization's Address

The official physical location or mailing address of a company.