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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.
Answer C is the correct answer . Whichever is longer .
option a the current operating cycle
the correct answer number C
Answer is (C) whichever is longer
The answer is:
C.The current operating cycle or one year, whichever is longer.
B:It is expected to be collected in one year.
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
its D the current or one year the shorter
