Problem on international financial reporting standards, Accounting Basics

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Problem on international financial reporting standards

Problem: International Financial Reporting Standards (IFRS) recommend assets be classified into the following two groups when preparing a International Financial Reporting Standards (IFRS) recommend assets be classified into the following two groups when preparing a classified balance sheet: O intangible and current assets. O non-current and long-term assets. O current and non-current assets O current and short-term assets.

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