Short-Term Obligations Can Be Reported As Long-Term Liabilities If:

(Correct Answer Below)

Short-Term Obligations Can Be Reported As Long-Term Liabilities If:

A. The firm has a long-term line of credit. B. The firm has tentative plans to issue long-term bonds. C. The firm intends to and has the ability to refinance as long-term. D. The firm has the ability to refinance on a long-term basis.
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C. The firm intends to and has the ability to refinance as long-term.

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