Short-term debt expected to be refinanced A. must always be reported as a current liability....
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Accounting
Short-term debt expected to be refinanced
A. must always be reported as a current liability.
B. may be classified as long-term if there is an intent to refinance.
C. may be classified as long-term if off-balance-sheet financing has been obtained.
D. may be classified as long-term if both the intent to refinance and the ability to refinance exist.
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Lets break down the options regarding the classification of shortterm debt expected to be refinanced A Must always be reported as a current liability Explanation This is not correct While shortterm debt is typically classified as a current liability if there is a plan to refinance it into
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