When current liabilities are presented under IFRS, they are generally shown
A) alphabetically.
B) in order of magnitude.
C) in order of the dates they become due.
D) in order of liquidity.
IFRS.

Question

Quizplus · Accepted Answer

Under IFRS, current liabilities are typically presented in order of liquidity, meaning they are listed in the order in which they are expected to be settled within the next year or operating cycle, whichever is longer. This provides useful information to users of financial statements who want to understand the company's ability to meet its short-term obligations.

When Current Liabilities Are Presented Under IFRS, They Are Generally