IFRS identifies a number of criteria to determine whether an asset can be classified as current. Satisfying tiny one of these criteria is sufficient. For the following list of criteria, identify whether each one is relevant for the classification of an asset as current instead of non-current.

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Relevant for classification as current? (Yes/No) Criteria a. The asset is expected to be sold in the entity's normal operating cycle. b. The assct is traded in an active market c. The asset is expected to be realized within 12 months after the balance sheet date. d. The asset is held primarily for the purpose of being traded. e. The asset is expected to be consumed in the entity's normal operating cycle. f. The asset is an item of inventory. g. The asset is cash or cash equivalent. h. The asset is a receivable from another company