27. lfthe operating cycle of a business is fifteen months: a.b. c.d. Cash set aside for a purchase of equipment will be shown as a current asset.A note receivable that is due one year and two months from the statement of financial position date will be shown as a current asset.Statement of financial position should be prepared more often than income statements. A note that is payable by the business two years from the statement of financial position date will beshown as a current liabilitv.