Short-Term Obligations Can Be Reported as Long-Term Liabilities If

Multiple Choice

Short-term obligations can be reported as long-term liabilities if:

A) The firm has a long-term line of credit.
B) The firm has tentative plans to issue long-term bonds.
C) The firm intends to and has the ability to refinance as long-term.
D) The firm has the ability to refinance on a long-term basis.