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Question 18 1 points SAVE ANSWER Topic 2 Mani Ltd is a retail company. When...

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Question 18 1 points SAVE ANSWER Topic 2 Mani Ltd is a retail company. When preparing its statement of financial position for the year ended 30 June 2021, which of the following statements is incorrect? a. Mani Ltd should present its assets and liabilities based on currenton-current classification rather than in the order of liquidity Mani Ltd has a bank loan due by 31 October 2021. The company has both the intention and discretion to refinance the loan for another two b. years. This loan should be classified as a current item C. Mani Ltd is required to disclose a description of the nature and purpose of each reserve item within its equity either in the statement of financial position or in the notes O d. Mani Ltd would classify its inventory items as current item

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