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If liabilities are disclosed as current on the basis of the entity's operating cycle, and this cycle is greater than 12 months it should: adjust
If liabilities are disclosed as current on the basis of the entity's operating cycle, and this cycle is greater than 12 months it should:
adjust the statement of financial position for a 12 month period. | ||
disclose the length of the operating cycle. | ||
apply the 12-month test. | ||
None of the given answers are correct. |
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