Which statement is incorrect regarding presentation and disclosure of financial assets? a. FA@FVTOCI are either current or noncurrent. b. FA@FVTPL are usually presented as current. c. The carrying amounts each category of financial assets shall be disclosed either in the statement of financial position or in the notes. d. FA@AC shall be presented as noncurrent.
Which statement is incorrect regarding presentation and disclosure of financial assets? a. FA@FVTOCI are either current or noncurrent. b. FA@FVTPL are usually presented as current. c. The carrying amounts each category of financial assets shall be disclosed either in the statement of financial position or in the notes. d. FA@AC shall be presented as noncurrent.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process
Section: Chapter Questions
Problem 11Q
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Question
Which statement is incorrect regarding presentation and disclosure of financial assets?
a. FA@FVTOCI are either current or noncurrent.
b. FA@FVTPL are usually presented as current.
c. The carrying amounts each category of financial assets shall be disclosed either in the statement of financial position or in the notes.
d. FA@AC shall be presented as noncurrent.
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