Current maturities of long-term debt are a current liability representing that portion of long-term debt that:

A) is expected to be used as part of a debt/equity swap transaction.

B) is similar to an account payable owed to suppliers for the purchase of goods in the normal course of business.

C) will be maturing within a year of the balance sheet date.

D) has been refinanced with the bank as short-term debt.