Which is not acceptable presentation of current liabilities

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Reference no: EM132781392

Problem 1: Which of the following is not an acceptable presentation of current liabilities?

a. Listing current liabilities in the order of maturity

b. Listing current liabilities according to amount

c. Offsetting current liabilities against assets that are to be applied to their liquidation

d. Showing current liabilities in the order of liquidation preference

Problem 2: Non-current liabilities often referred to as:

a. Other long-term provisions

b. Long-terms debts

c. Other long-term financial liabilities

d. Other non-current non-financial liabilities

Problem 3: All are classified as current liabilities, except:

a. Deferred tax liability

b. Short-term borrowing

c. Current provisions

d. Trade and other payables

Reference no: EM132781392

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