Current Liabilities What two criteria must be met before a company can classify short-term debt that is expected to be refinanced as a noncurrent liability? Oa. Liquidity and financial flexibility Ob. Probable and reasonably estimable. Oc. Intent and ability to refinance on a long-term basis. Od. Measurability and reportability, Bond Premiums and Discounts For the issuer of a 10-year term bond, the amount of amortization using the effective interest method would increase each year if the band was sold at O. Discount Yes O. Premium Yes Premium NO Oc. Discount No Discount No Discount Yes Premium Yes Premium No Od