A Liability to Be Paid Next Year Would Not Be

A liability to be paid next year would not be included in the current liability section of the balance sheet if the debt is expected to be refinanced through another long-term issue, or

A) the operating cycle is less than one year.
B) the liability is to be paid with cash that the company expects to earn during the next year.
C) if the debt is to be retired out of noncurrent assets.
D) the liability is the result of a nonoperating debt instrument due within the next year.