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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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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