Can an asset that is not realisable within 12 months ever be classified as a current asset?

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Can an asset that is not realisable within 12 months ever be classified as a current asset? If so, under what circumstances?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:07 PM

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Can an asset that is not realisable within 12 months ever be classified as a current asset?

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One of the criteria for classifying an asset as current under IAS 1 is that it is expected to ...View the full answer

Applying International Financial Reporting Standards

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