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When a debt covenant is violated, the related debt must be classified as current if it is: Multiple Choice probable that the borrower will not

When a debt covenant is violated, the related debt must be classified as current if it is:

Multiple Choice

  • probable that the borrower will not be able to cure the default within the next fifteen months.

  • probable that the borrower will not be able to cure the default within the next twelve months.

  • probable that the borrower will be able to cure the default in the next fifteen months.

  • probable that the borrower will be able to cure the default in the next twelve months.

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