If an item is involved in entity’s operating cycle, it shall be classified as _____

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

Usually Operating cycle is for 12 months. Therefore, it is classified as current.

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If an item is involved in entity’s operating cycle, it shall be classified as _____

The correct option is A Current Usually Operating cycle is for 12 months. Therefore, it is classified as current.

The correct option is A
Current

Usually Operating cycle is for 12 months. Therefore, it is classified as current.