Question: Short - term obligations can be reported as long - term liabilities if: a ) The firm intends to and has the ability to refinance

Short-term obligations can be reported as long-term liabilities if: a)The firm intends to and has the ability to refinance as long-term.b) The firm has tentative plans to issue long-term bonds. c)The firm determines classification is irrelevant.d) None of the above-short-term obligations must always be reported as short-term liabilities.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

short term obligations fan be reported as long term liabilities if the firm:

Q:

20) Short term obligations can be reported as long-term liabilities i A) The firm has a long-term line of credit. B) The firn intends to and has the townance as long-term. C) The firm has the tyto ce...

Q:

pls i need help with the samsung wiley Annual Report Project only the other 4 Attachment is a guideline telling you what need to be done.pls see the attached Apple company wiley Annual Report ANNUAL...

Q:

Please help, this is actually due today and the person who said they would answer this question that was initially due last night. Thank you for the help if possible. I need help with putting the...

Q:

Attached in one of the documents is the recommendation, however, financial ratios are missing that analyze the company's, capital structure, liquidity and future prospects. eg. current ratio and debt...

Q:

Hello, you helped me on pat of this paper back in April which was the financial statements part of it. I need some adjustments make to the attached papers. Thanks In regards to the financial...

Q:

I need help with my Final Project. Please see attachments below. MBA 503 Final Project Guidelines and Rubric Overview There are two summative assessments for this course. For your first assessment,...

Q:

Need detailed SWOT Analysis Of this Case. & 500 Words Overview. STATEMENT OF CASH FLOWS: PREPARATION, ANALYSIS & LINKAGES How was Lucky Cement Limited Company able to invest Rs. 5.6 billion in a...

Q:

Develop a pro forma income statement and balance sheet for the years 2016, 2017, and 2018. Assumptions should be based on historical data continue and Using either a DCF valuation, multiple...

Q:

Need help with the Financial Analysis below. Attached are the financial statements for Wal-Mart for 2014 and 2015. Also the instructions on how to perform a vertical and horizontal analysis as well...

Q:

You own a portfolio that has $20,000 invested in Albuquerque Mining and $14,000 invested in Oklahoma City Drilling. The expected returns on these stocks are 12.5 percent and 9 percent, respectively....

Q:

You are a financial advisor and have a client who is considering investing in a new mutual fund. The fund has an expected return of 12% and a standard deviation of 18%. Your client is risk-averse and...

Q:

When the stock market has botiomed out and is begirning to recover, the best portlolo laown is the one with a beta of A . + 2 . 0 . B . 4 0 . 5 C . + 1 . 5 . D . 0 . 0 .

Q:

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

Q:

6. In the taste-for-discrimination model, an increase in employer prejudice against African-American workers would cause the discrimination coefficient to _______________ and the demand curve for...

Q:

1. Suppose that the United States has a Gini ratio of 0.41 while Sweden has a Gini ratio of 0.31. Which country has a more equal distribution of income? LO23.1 a. The United States. b. Sweden. c....

Q:

3. Suppose that a society contains only two members, a lawyer named Monique and a handyman named James. Five years ago, Monique made $100,000 while James made $50,000. This year, Monique will make...