An asset shall be classified as ______ if it is held primarily for the purpose of being traded.

Current

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Non-current

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Either A or B

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None of these

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Solution

The correct option is A
Current

An asset shall be classified as current if it is held primarily for the purpose of being traded.

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Similar questions

Name the Sub-headings under which Non-Current Assets shall be classified in a Company's Balance Sheet.

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