Long-term debt that matures within one year and is to be converted into stock should be reported
A) as a current liability.
B) in a special section between liabilities and stockholders' equity.
C) as noncurrent.
D) as noncurrent and accompanied with a note explaining the method to be used in its liquidation.

Question

Quizplus · Accepted Answer

The Answer of Long-term debt that matures within one year and is to be converted into stock should be reported
A) as a current liability.
B) in a special section between liabilities and stockholders' equity.
C) as noncurrent.
D) as noncurrent and accompanied with a note explaining the method to be used in its liquidation.

Long-Term Debt That Matures Within One Year and Is to Be