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Points to be achieved: 1 . 0 0 IAS 1 Presentation of Financial Statements normally requires that an entity presents assets and liabilities split between
Points to be achieved: IAS Presentation of Financial Statements normally requires that an entity presents assets and liabilities split between those that are current and those that are noncurrent.Which of the following statements is true when this classification is not provided in the statement of financial position by a reporting entity?Please select the right answer. The classification must be disclosed in the notesAssets and liabilities should be presented broadly in line with their liquidity Assets and liabilities should be presented in order of the magnitude of the current period balances Assets and liabilities must be separated broadly into those related to operating, investment and financing purposes
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