Question

What should be disclosed regarding other current assets?

a.

Only the nature of other current assets.

b.

Only the aggregate amount of other current assets.

c.

The nature of other current assets should be specified.

d.

Other current assets should not be disclosed separately.

Answer: (c).The nature of other current assets should be specified. Explanation:Regarding other current assets, the nature of these assets should be specified.

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Q. What should be disclosed regarding other current assets?

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