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