Question 8 Not yet Which among the following statement is true? answered i. Current asset is held for trading in the normal course of business. Marked out of 1.00 ii. A current asset that can be transferred into cash within three months is known as current assets. Flag question Only statement () is correct Neither of the statements are correct. Only statement (i) is correct. Both statements are correct. Question Question 9 Not yet A formal plan to eliminates a segment/component of the business is known as answered Marked out of 1.00 None of the listed choices Continued operation Discontinued operation Components of equity Flag question Cucion 10 Not yet Actual number of shares issued to the public by the company for subscription is known as: answered Marked out of 1.00 Paid up shares. None of the listed choices Issued shares Subscribed shares. Flag question Question 11 Not yet Which of the following is true in respect of deferred tax liabilities? answered Marked out of 1.00 P Flag question None of the listed choices Deferred tax liabilities should be recognized if there are probable future profits which the entity will be taxed on. Deferred tax liabilities should be recognized for all temporary timing difference. Deferred tax liabilities should be recognized in respect of all permanent difference