IFRS identifies a number of criteria to determine whether an asset can be classified as current.Satisfying any one of these criteria is sufficient.For the following list of criteria,identify whether each one is relevant for the classification of an asset as current instead of non-current.
Definitions:
Distribution
In statistics, a mathematical representation of the observed or possible frequencies of occurrences of a range of outcomes.
Normally Distributed
A statistical term describing data that fall into a symmetrical, bell-shaped curve where most observations cluster around the mean.
Standard Deviation
An analytical tool that assesses the level of diversity or deviation of data points from their central value.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.
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