Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

Single choiceAdvancedPublished

Question · The criteria for classifying a liability as current and the right to defer

At 31 December 2026, Opale SA has four liabilities. Loan A (EUR 2,000,000) is due on 31 August 2027. Loan B (EUR 3,000,000) has a contractual maturity in 2030, but the lender may demand repayment at any time. Loan C (EUR 1,500,000) has a maturity in 2030, with no early repayment clause. A trade payable of EUR 800,000 will be settled in 14 months, Opale's normal operating cycle being 16 months (case facts). What is the total of the current liabilities among these four items?

Your answer

← Back to the concept