An asset shall be classified as current when it satisfies any one of the following criteria: a. It is expected to be realized in, or is intended for sale or consumption in, the company’s normal operating cycle b. It is held primarily for the purpose of being traded c. It is expected to be realized within 12 months after the reporting date, or d. It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date All other assets shall be classified as non-current .
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
Conclusions:
I. Some Signs are Symbols.
II. Some Signs are not Marks.
III. No Number is a Mark.
Statements:
Statements: Some cricket are hockey.
Some hockey are badmin...
Statements:
All Books are Pencil.
Some Pencil are Scale.
No Scale is Eraser.
Conclusion:
All Pencil can be Eras...
Conclusions:
I. Some Movies are not Films.
II. Some Films being Cameras is not a possibility.
Statements:
Statements:
All clouds are earths.
No earth is a planet.
Conclusions:
I. No cloud is a planet.
II. Some pl...
Statements:
Only dogs are cats.
No rat is a dog.
Mostly camels are rats.
No camel is a cow
Conclusions:
I. No ...
Statement:
Some doors are tables
Only tables are benches
Only a few tables are windows
No door is clock
Conclusion:
Statements:
No mothers are father.
Some father is son.
Only a few son is daughter.
Only a few daughters is child.
...
Statements:
Some fabrics are silks.
Some silks are cottons.
Conclusions:
I. At least some cottons are silks
II....
