Which of the Following Situations Would Not Require That Long-Term

Multiple Choice

Which of the following situations would not require that long-term liabilities be reported as current liabilities on a classified balance sheet?

A) The long-term debt is callable by the creditor.
B) The creditor has the right to demand payment due to a contractual violation.
C) The long-term debt matures within the upcoming year.
D) The company intended to refinance the debt and did so prior to issuance of the financial statements.