Question: 14. Short-term obligations can be reported as long-term liabilities if: A. The firm has a long-term line of credit. B. The firm has tentative plans

14. Short-term obligations can be reported as long-term liabilities if: A. The firm has a long-term line of credit. B. The firm has tentative plans to issue long-term bonds. C. The firm intends to and has the ability to refinance as long-term with the lende the reporting date. The firm has the ability to definance on a long-term basis

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