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    Question

    According to AS-13, an investment is treated as

    “current” if it is intended to be held for:
    A More than 12 months Correct Answer Incorrect Answer
    B Up to 6 months Correct Answer Incorrect Answer
    C Less than 3 months Correct Answer Incorrect Answer
    D Not more than 1 year Correct Answer Incorrect Answer
    E Less than 9 months Correct Answer Incorrect Answer

    Solution

    As per AS-13 (Accounting for Investments), a current investment is one intended to be held for not more than one year from the date of purchase.

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