Instruments that will mature within 12 months of the balance sheet date are
A) long-term debt instruments.
B) fair value instruments.
C) short-term debt instruments.
D) unamortized instruments.

Question

Quizplus · Accepted Answer

Instruments that will mature within 12 months of the balance sheet date are considered short-term debt instruments, reflecting their imminent repayment obligation.

Instruments That Will Mature Within 12 Months of the Balance