Short-term obligations can be reported as long-term liabilities if:

Are you having trouble answering the question “Short-term obligations can be reported as long-term liabilities if:”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Short-term obligations can be reported as long-term liabilities if:

A. The firm has a long-term line of credit.
B. The firm has tentative plans to issue long-term bonds.
C. The firm intends to and has the ability to refinance as long-term.
D. The firm has the ability to refinance on a long-term basis.

Answer: C

We hope you have got the correct answer to your question “Short-term obligations can be reported as long-term liabilities if:”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

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Short-term obligations can be reported as long-term liabilities if:

Are you having trouble answering the question “Short-term obligations can be reported as long-term liabilities if:”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Short-term obligations can be reported as long-term liabilities if:

A. The firm has a long-term line of credit.
B. The firm has tentative plans to issue long-term bonds.
C. The firm intends to and has the ability to refinance as long-term.
D. The firm has the ability to refinance on a long-term basis.

Answer: C

We hope you have got the correct answer to your question “Short-term obligations can be reported as long-term liabilities if:”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *