thanks . my car was actually based off wasteland , so i was pretty stoked with this pic <| sep |> A is incorrect . Although this method of classification is often used but it isn ' t the only method . Please have a look at the excerpt from IAS 1 Presentation of Financial Statements Statement of financial position balance sheetCurrent and noncurrent classificationAn entity must normally present a classified statement of financial position , separating current and noncurrent assets and liabilities , unless presentation based on liquidity provides information that is reliable . IAS 1 . 60 In either case , if an asset liability category combines amounts that will be received settled after 12 months with assets liabilities that will be received settled within 12 months , note disclosure is required that separates the longerterm amounts from the 12 month amounts . IAS 1 . 61