The Statement Concerning the AASB 101 Criteria for Classifying Assets

The statement concerning the AASB 101 criteria for classifying assets as current or non-current that is not correct is:

A) The AASB 101 criteria is identical to the traditional current/non-current classification
B) For entities with a long operating cycle, some assets could be classified as current even though realisation was not expected within 12 months
C) One criteria for classification is expected realisation within twelve months after the reporting date
D) Investments maturing within 12 months are classified as current assets