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