rty classifed as held for sale are presented separately as current asset. True or False?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter12: Nonrecognition Transactions
Section: Chapter Questions
Problem 3DQ
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Property classifed as held for sale are presented separately as current asset.

True or False?

 

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