Long-term debt that matures within one year and is to be converted into stock should be reported

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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.

Answer: as noncurrent and accompanied with a note explaining the method to be used in its liquidation

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