In the case of classifying a liability as current or non-current, what approach does AASB 101 require if there is no clearly identifiable operating cycle? The most common longth of oporating cycle for othar entitios in a comparable industry must bo usad The operating cycle of the event that gave nse to the creation of the habwity must be uned as the bavis for dotarmining the kability's operating cycle The 12 -month period from Bhe reportung date must be used The wverage operating cycie length over all operatoons of the ently mist be uned