Current assets,as defined in AASB 101,are those that:
A) are expected to be realised within the normal course of the operating cycle
B) are held primarily for the purpose of being traded
C) are expected to be realised within 12 months after the end of the accounting period
D) any of the above

Question

Quizplus · Accepted Answer

Current assets, as defined in AASB 101, include assets expected to be realized within the normal operating cycle, held primarily for trading, or expected to be realized within 12 months after the accounting period ends.

Current Assets,as Defined in AASB 101,are Those That