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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 9: Current Liabilities and Contingent Obligations
  5. Question
    The Ability to Refinance Short-Term Obligations on a Long-Term Basis
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The Ability to Refinance Short-Term Obligations on a Long-Term Basis

Question 121

Question 121

True/False

The ability to refinance short-term obligations on a long-term basis can be demonstrated if the company has already refinanced those obligations after the date of the balance sheet but before it is issued.

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