Which of the Following Characteristics May Result in the Classification

Multiple Choice

Which of the following characteristics may result in the classification of a liability as current?

A) Short-term obligations expected to be refinanced with long-term debt
B) Debts to be liquidated from funds that have been accumulated and are reported as noncurrent assets
C) Violation of provisions of a debt agreement
D) Obligations for advance collections that involve long-term deferment of the delivery of goods or services