Included in Harrison Inc

Multiple Choice

Included in Harrison Inc.'s account balances at December 31, 2014, were the following: Harrison's December 31, 2014 financial statements were to be issued on March 31, 2015.On January 15, 2015, the entire $600,000 balance of the 6% note was refinanced by issuance of a long-term note to be repaid in 2015.In addition, on March 10, 2015, Harrison made arrangements to refinance the 4% note on a long-term basis.Under IFRS, on the December 31, 2014 statement of financial position, the amount of the notes payable that Harrison should classify as current liabilities is

A) $0.
B) $100,000.
C) $250,000.
D) $350,000.