Apollo Limited had a bank overdraft of $60,000 that is expected to settle before 30 June 2022 , its accounts closing date. However, the company could not settle the overdraft within that date. In July 10 the bank had agreed to convert the overdraft amount to a long-term loan. For the purposes of financial statement presentation for the year ending 30 June 2022, this overdraft should be classified as a: a. current liability. b. contingent liability. c. non-current liability. d. bank overdraft under negotiation. a. current liability. b. contingent liability. c. non-current liability. d. bank overdraft under negotiation