Kobayashi Corporation reports in the current liability section of its statement of financial position at December 31, 2020 (its year- end), short-term obligations of $15,000,000, which includes the current portion of 12% long-term debt in the amount of $10,000,000 (matures in March 2021), Management has stated its intention to refinance the 12% debt whereby no portion of it will mature during 2021. The date of issuance of the financial statements is March 25, 2021. Assume that Kobayashi Corporation issues ordinary shares to the public in January and that management intends to entirely liquidate the $10,000,000 debt maturing in March 2021 with the proceeds of this equity securities issue. In light of these events should the $10,000,000 debt maturing in March 2021 be included in current liabilities at December 31, 2020? Yes No