Question: Short-term debt expected to be refinanced A. must always be reported as a current liability. B. may be classified as long-term if there is an

Short-term debt expected to be refinanced

A. must always be reported as a current liability.

B. may be classified as long-term if there is an intent to refinance.

C. may be classified as long-term if off-balance-sheet financing has been obtained.

D. may be classified as long-term if both the intent to refinance and the ability to refinance exist.

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