under ifrs Which of the following situations would require that long$-$term liabilities be reported as current liabilities on a classified balance sheet?

Question $4$Answer

a$.$

The long$-$term debt is callable by the creditor.

b$.$

The creditor has the right to demand payment due to a covenant violation which has occurred.

c$.$

The long$-$term debt matures within the upcoming year.

d$.$

All of these three situations as stated above require the current classification.

e$.$

receive cash dividends before they are distributed to preferred shareholders