Which of the following is not a condition necessary to exclude a short-term obligation from current liabilities?
A) Intend to refinance the obligation on a long-term basis.
B) Obligation must be due with one year.
C) Demonstrate the ability to complete the refinancing.
D) Subsequently refinance the obligation on a long-term basis.

Question

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The Answer of Which of the following is not a condition necessary to exclude a short-term obligation from current liabilities?
A) Intend to refinance the obligation on a long-term basis.
B) Obligation must be due with one year.
C) Demonstrate the ability to complete the refinancing.
D) Subsequently refinance the obligation on a long-term basis.

Which of the Following Is Not a Condition Necessary to Exclude