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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A two-wheeled vehicle powered by a small engine, designed for economical transportation and requiring minimal licensing in many jurisdictions.

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The act of conveying information or expressing ideas and emotions through speech, writing, or other forms of interaction.