When short-term obligations are expected to be refinanced on a long-term basis, they may be classified as long-term if: a.there is an intent to refinance but no ability to refinance. b. the obligation was refinanced after the date of the auditor's report. c. the refinanced obligation was in the process of negotiation at the date the auditor's report. d. there is an intent to refinance, and the ability to refinance exists