Question: Short-term obligations can be reported as long-term liabilities if: The firm has a long-term line of credit. The firm has tentative plans to issue long-term

Short-term obligations can be reported as long-term liabilities if: The firm has a long-term line of credit. The firm has tentative plans to issue long-term bonds. The firm has the ability to refinance on a long-term basis. The firm intends to and has the ability to refinance as long-term

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