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A currently maturing long-term obligation is to be shown as a current liability unless: the company intends to renew the debt on a long-term basis.
A currently maturing long-term obligation is to be shown as a current liability unless:
the company intends to renew the debt on a long-term basis. |
the company has the ability renew the debt on a long-term basis. |
Either A or B, above. |
Both A and B, above. |
None of these. |
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