Question: Fleener Company is in the process of refinancing some long term
Fleener Company is in the process of refinancing some long-term debt. Its fiscal year ends on December 31, 2011, and its financial statements will be issued on March 15, 2012. Under current IFRS, how would the debt be classified if the refinancing is completed on December 15, 2011? What if instead it is completed on January 15, 2012?
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