Question: Excluding a short-term obligation from current liabilities can be done when the liability is contractually due to be settled more than one year after the

Excluding a short-term obligation from current liabilities can be done when

the liability is contractually due to be settled more than one year after the balance sheet date.

the company enters into a financing agreement that permits the company to refinance the debt on a long-term basis.

the company has a contractual right to defer settlement of the liability for at least one year after the balance sheet date.

all of these answers are correct.

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