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Under IFRS, even if the entity plans to refinance long term debt, the current portion must be reported as a current liability UNLESS Select one:

Under IFRS, even if the entity plans to refinance long term debt, the current portion must be reported as a current liability UNLESS

Select one:

a.

long term financing has been completed after the balance sheet date, but before the financial statements are released.

b.

management intends to refinance the debt on a long-term basis.

c.

at balance sheet date, the entity expects to refinance under an existing agreement for at least a year, and the decision is solely at its discretion.

d.

management intends to discharge the debt by issuing shares.

e.

None of the above.

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