Question

How are other non-current assets classified?

a.

Only as long-term trade receivables.

b.

Only as other assets with a specified nature.

c.

Both as long-term trade receivables and other assets with a specified nature.

d.

As long-term trade receivables, long-term trade payables, and other assets with a specified nature.

Posted under IC 89 Management Accounting

Answer: (c).Both as long-term trade receivables and other assets with a specified nature. Explanation:Other non-current assets are classified as long-term trade receivables (including trade receivables on deferred credit terms) and other assets with a specified nature.

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Q. How are other non-current assets classified?
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