Question
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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