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For USA GAAP reporters, short-term debt can be refinanced as long-term when the company intends to refinance on a long-term basis and the company can:
For USA GAAP reporters, short-term debt can be refinanced as long-term when the company intends to refinance on a long-term basis and the company can:
Select one:
a.complete the arrangement before financial statements are completed
b.pay-off the note by the day the financial statements are completed
c.do so before the balance sheet date
d.demonstrate the ability to consummate the refinancing
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