24 Statement 1: In accordance with IFRS 15, in accounting for customer premiums, the transaction price at the time of sale is recognized partly as revenue which is related to sale of goods and partly as a liability for the performance obligation to settle the transfer of the promised premium. Statement 2: In accounting for customer premiums in accordance with IFRS 15, there is a premium expense equivalent to the cost of premiums recognized upon redemption of these premiums. * O (1 Point) True True True False False, False False, True 25 Accounts payable, in general, is classified as current when and only: (1 Point) When it is expected to be settled within the operating cycle or one year, whichever is longer When it is expected to be settled within the operating cycle. When it is expected to be settled within the operating cycle or one year, whichever is shorter. When it is expected to be settled within one year