Question: Kline Company refinanced current debt as long - term debt on January 5 , 2 0 2 2 . Kline's fiscal year ended on December
Kline Company refinanced current debt as longterm debt on January Kline's fiscal year ended on December and its financial statements will be issued sometime in early March Under IFRS, how would Kline classify the debt on its December balance sheet?
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Kline would not classify the debt as current or noncurrent, but rather would write a disclosure note explaining the circumstances.
As a current liability.
As a noncurrent liability.
In the "mezzanine" between current and noncurrent liabilities.
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