Company N has a 5-year note payable that will mature (come due) on March 17, 2010. N plans to refinance the liability by issuing a new note payable. On its December 31, 2009 balance sheet, N should

A. transfer the amount of the note payable to stockholders' equity.

B. not report the note payable on the balance sheet because it is going to be refinanced.

C. report the note payable as a current liability.

D. report the note payable as a long-term liability.