A receivable classified as current asset on the statement of financial position is expected to be collected within ?

Question

A. The current operating cycle.

B. One year.

C.The current operating cycle or one year, whichever is longer.

D.The current operating cycle or one year, whichever is shorter.

Deleted user · Answer

Answer C is the correct answer . Whichever is longer .

muhammad rashid · Answer

option a the current operating cycle

Ahmed Abdi Mahad · Answer

Choice C, the current operating cycle or one year, which ever is longer is the correct answer for this question

Thanks

rafiq zamzam CFM · Answer

the correct answer number C

Nabil Jabraouti · Answer

C.The current operating cycle or one year, whichever is longer.
Source:IAS1 (the "whichever is longer" is not mentioned literally but is somehow obvious, as any of the these two conditions is sufficient)

Belal Abdelhamid · Answer

Answer is (C) whichever is longer

Said Shaban · Answer

The answer is:

C.The current operating cycle or one year, whichever is longer.

Teshale Gaglew Gebretsadik · Answer

The alternative D. Current oc or one year which ever is shorter

Deleted user · Answer

B:It is expected to be collected in one year.

Asad Ahmed · Answer

If a receivable classified as a current asset than it is expected that it will be collected within One year from the date of the financial statements i.e. in next financial year

rand qadri · Answer

its D the current or one year the shorter

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A receivable classified as current asset on the statement of financial position is expected to be collected within ?

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