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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tangible

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intangible

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Solution

The correct option is A current
Normal operating cycle assumed to be of 12 months. Current assets also expected to be converted to cash within a year. Therefore the assets which are classified as current assets, if it is expected to be realised in the company's normal operating cycle.

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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 Normal operating cycle assumed to be of 12 months. Current assets also expected to be converted to cash within a year. Therefore the assets which are classified as current assets, if it is expected to be realised in the company's normal operating cycle.

The correct option is A current
Normal operating cycle assumed to be of 12 months. Current assets also expected to be converted to cash within a year. Therefore the assets which are classified as current assets, if it is expected to be realised in the company's normal operating cycle.