A corporation may choose to list its operational assets in the current assets section of the statement of ﬁnancial position.

Name: A corporation may choose to list its operational assets in the current assets section of the statement of ﬁnancial position.
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Question

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Operational assets are typically classified as non-current assets because they are long-term resources used in the operations of a business, not expected to be converted into cash within a year.

A Corporation May Choose to List Its Operational Assets in the Current