A receivable classified as current asset on the statement of financial position is expected to be collected within ?

Answer C is the correct answer . Whichever is longer .

option a the current operating cycle

 

Choice C, the current operating cycle or one year, which ever is longer is the correct answer for this question Thanks

the correct answer number C

C.The current operating cycle or one year, whichever is longer. Source:IAS1 (the "whichever is longer" is not mentioned literally but is somehow obvious, as any of the these two conditions is sufficient)

Answer is (C)  whichever is longer

The answer is:

C.The current operating cycle or one year, whichever is longer.

The alternative D. Current oc or one year which ever is shorter

B:It is expected to be collected in one year.

If a receivable classified as a current asset than it is expected that it will be collected within One year from the date of the financial statements i.e. in next financial year

its D the current or one year the shorter