Question
13 Under IFRS, even if the entity plans to refinance long-term debt, the current portion must be reported as a current liability UNLESS O
13 Under IFRS, even if the entity plans to refinance long-term debt, the current portion must be reported as a current liability UNLESS O at the statement of financial position date, the entity expects to refinance under an existing agreement for at least a year, and the decision is solely at its discretion. O long-term financing has been completed after the statement of financial position date, but before the financial statements are released. O management intends to discharge the debt by issuing shares. O management intends to refinance the debt on a long-term basis.
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