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A. The current operating cycle.
B.1 year.
C. The current operating cycle or1 year, whichever is longer.
D. The current operating cycle or1 year, whichever is shorter.
The current operating cycle or1 year, whichever is longer.
answer C is the correct answer
the current operating cycle
A receivable classified as current on the statement of financial position or Balance Sheet is expected to be collected within1 year.
Answer (C) is correct..........
Option A:
Normally companies choose operating cycle equal to12 months. So generally we classify receivable who are expected to recover within next twelve months.
Answer is D i .e. The current operating cycle or1 year, whichever is shorter.
Within one year so option B is the right answer.
The current operating cycle is the current receivable
I guess option (B) is correct.
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