A financial liability that is due to be settled within twelve months after the reporting period shall be classified as non-current

Group of answer choices

When it is refinanced on a long-term basis on or before the end of the reporting period.

When it is refinanced on a long-term basis after the end of the reporting period.

When it is refinanced on a long-term basis on or before the issuance of financial statements.

When the entity has no discretion to refinance for at least 12 months.