Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. short-term debt expected to be refinanced a. must

Short-term debt expected to be refinanced A. must always be reported as a current liability....

50.1K

Verified Solution

Question

Accounting

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.

Answer & Explanation Solved by verified expert
0.0 Ratings ( Votes)
Lets break down the options regarding the classification of shortterm debt expected to be refinanced A Must always be reported as a current liability Explanation This is not correct While shortterm debt is typically classified as a current liability if there is a plan to refinance it into    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

You are asked to define 10 different \" The right hand rule\". Here you first define...

Biology
1.2K views

Which amino acid is needed for the biosynthesis of norepinephrine and epinephrine?a. Alanineb. Phenylalaninec. Isoleucined....

Biology
1.2K views

The inner leaflet monolayer of the human erythrocyte membrane consists predominantly of phosphatidylethanolamine and phosphatidylserine...

Basic Math
1.2K views

5 Over a four week period Gail earned the following commissions Week 1 250 00...

Calculus
1.2K views

Find the nth Maclaurin polynomial for the function f x e x n 5 Ps...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] ...

Accounting
1.2K views

Direct materials requisitioned during the month: \table[[Job 101,$21,600 Prepare journal entries to record...

Accounting
1.2K views

Blue Company sponsors a defined benefit pension plan for its employees. The following data relate...

Accounting
1.2K views

Problems #24 & 25require the Indirect Method for computations of cash flows: 24]...

Accounting
1.2K views

Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three...

Accounting
1.2K views

Please explain if the following statement is true or false: In the two-country period model...

Accounting
1.2K views

2b. Post each entry that affects the following selected T-accounts and determine the new balances:...