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Which criterion of liability be classified as non-current

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Reference no: EM132779433

Problem 1: A liability will be classified as 'non-current' if it satisfies which of the following criterion?

Select one:

a. due to be settled more than twelve months after the statement of financial position date.

b. expected to be settled in the entity's normal operating cycle.

c. it is held primarily for the purposes of being traded.

d. due to be settled within twelve months of the balance date.

Reference no: EM132779433

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