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.