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

question 41

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

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Definitions:

Report Text

A structured document that presents information to inform or persuade the reader, based on findings, observations, or analysis.

Components

Individual parts or elements that combine to form a complete system or complex entity.

Talking Headings

Headings or titles that are designed to grab attention or communicate a key message directly, often found in written materials like reports or presentations.

Formal Report

A Formal Report is a detailed, structured document prepared to convey information, analyze an issue, or make recommendations, following specific conventions and aimed at a professional audience.