Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) A company may exclude a short-term obligation from current liabilities if the firm intends to refinance the obligation on a long-term basis.
B) A company may exclude a short-term obligation from current liabilities if the firm can demonstrate an ability to consummate a refinancing.
C) A company may exclude a short-term obligation from current liabilities if it is paid off after the balance sheet date and subsequently replaced by long-term debt before the balance sheet is issued.
D) None of these.