Under IFRS, which of the following current assets section would be presented correctly in accordance with IFRS standards?
A. Short term notes receivable, Accounts receivable, Cash
B. Marketable securities, Land, Cash
C. Cash, Intangibles, Short term notes receivable
D. Short term investments, Cash, Land
Answer: A. Short term notes receivable, Accounts receivable, Cash
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A business begins with $1,000,000 from its owners. It intends to reach a leverage ratio of 3. How much does it expect to borrow?
a) $4,000,000 b) $3,000,000 c) $2,000,000 d) $1,000,000
Before buying a house you should do the following
A) Have your real estate agent complete a market price analysis for comparable properties B) Have a certified home inspector complete an inspection of the home inside and out C) Check your budget to make sure the home including all associated costs is affordable D) A, B and C are all important.