A liability shall be classified as _________ if it is due to be settled within twelve months after the reporting date.

Current

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Non current

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Is not classified

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None of these

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Solution

The correct option is A
Current

A liability shall be classified as current if it is due to be settled within twelve months after the reporting date.

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A liability shall be classified as _________ if it is due to be settled within twelve months after the reporting date.

The correct option is A Current A liability shall be classified as current if it is due to be settled within twelve months after the reporting date.

The correct option is A
Current

A liability shall be classified as current if it is due to be settled within twelve months after the reporting date.