微信扫一扫
实时资讯全掌握
| Abernathy Corporation uses a calendar year for financial and tax reporting purposes and has $100?million of mortgage bonds due on January 15, Year? By January 10, Year 2, Abernathy intends to refinance this debt with new long-term mortgage bonds and has entered into a financing agreement that clearly demonstrates its ability to consummate the refinancing. This debt is to be A. Classified as a current liability on the statement of financial position at December 31, Year 1. B. Classified as a long-term liability on the statement of financial position at December 31, Year 1. C. Retired as of December 31, Year 1. D. Considered off-balance-sheet debt. |