Multiple Choice
How should long-term debt be reported if it matures within one year and the company has arranged, before its current year end, to convert the debt into shares?
A) as non-current and accompanied with a note explaining the method to be used in its liquidation
B) in a special section between liabilities and shareholders' equity
C) as non-current
D) as a current liability
Correct Answer:
Verified
Correct Answer:
Verified
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