Which of the Following Is Not a Possible Characteristic of Current

question 15

Multiple Choice

Which of the following is not a possible characteristic of current assets as defined by AASB 101?

• A)a current asset is expected to be realised in, or is intended for sale or consumption in, the entity's normal operating cycle
• B)a current asset is held primarily for the purpose of being traded
• C)a current asset is expected to be realised within 12 months after the reporting date
• D)a current asset is cash, excluding long term cash equivalents

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Definitions:

Symbolic Interactionism

A sociological perspective focusing on the roles that symbols, language, and communication play in the formation of self-concept and social order.

Mass Media

Forms of communication designed to reach large audiences through various mediums like television, radio, newspapers, and the internet.

Social Control

Mechanisms, strategies, and institutions used by society to regulate individual behavior and maintain social order.

Cops

Law enforcement officers tasked with maintaining public order, preventing and investigating crimes.