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The currently maturing portion of long-term debt is classified as a current liability if a.the funds used to liquidate it are currently classified as a

The currently maturing portion of long-term debt is classified as a current liability if
a.the funds used to liquidate it are currently classified as a long-term investment on the balance sheet.
b.the portion so classified will be liquidated within one year using current assets.
c. the debt is to be converted into capital stock.
d. the debt is to be refinanced on a long-term basis.

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