Is any short-term debt classified as long-term in the most recent annual report and why? Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASB ASC. Determine the criteria for reporting currently payable debt as long-term. What is the specific codification citation that the corporation would rely on in applying that accounting treatment (an example of a proper citation reads as follows: [FASB ASC 220-25-45])?