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The currently maturing portion of long - term debt should be classified as a current liability if the debt is to be converted into common
The currently maturing portion of longterm debt should be classified as a current liability if
the debt is to be converted into common stock.
funds used to liquidate it are currently classified as a longterm asset.
the debt will be liquidated within one year using funds currently classified as current assets.
the debt is to be refinanced on a longterm basis.
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Computer Accounting Essentials Using Quickbooks 2014
Authors: Carol Yacht, Susan Crosson
7th Edition
1259277372, 978-1259277375
