Question: Current Attempt in Progress The currently maturing portion of long - term debt should be classified as a current liability if the debt is to

Current Attempt in Progress
The currently maturing portion of long-term debt should be classified as a current liability if
the debt is to be refinanced on a long-term basis.
funds used to liquidate it are currently classified as a long-term asset.
the debt will be liquidated within one year using funds currently classified as current assets.
the debt is to be converted into common stock.
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