An asset shall be classified as _______ if it is expected to be realized in the company’s normal operating cycle.

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

If it is involved in entity’s operating cycle, it shall be classified as current.

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An asset shall be classified as _______ if it is expected to be realized in the company’s normal operating cycle.

The correct option is A Current If it is involved in entity’s operating cycle, it shall be classified as current.

The correct option is A
Current

If it is involved in entity’s operating cycle, it shall be classified as current.