ABC Company has a note payable that is due six months after its year end. Under which of the following conditions will ABC be able to classify the note as a long term debt.

		ABC cannot classify the note as long term because it is due within the current operating cycle or one year, whichever is longer.
		ABC can classify the note as long term because it is due next year.
		ABC can classify the note as long term because management intends to refinance it with long term debt and has an agreement to do so with a qualified creditor.
		ABC can classify the note as long term because it is a 10 year note and management intends to pay the maturity value at the end of the 10-year period.