Which of the following statements is correct?

a	A company may exclude a short-term obligation from current liabilities if the firm intends to refinance the obligation on a long-term basis.
b	A company may exclude a short-term obligation from current liabilities if the firm can demonstrate an ability to consummate a refinancing.
c	A company may exclude a short-term obligation from current liabilities if it is paid off after the balance sheet date and, subsequently, replaced by long-term debt before the balance sheet is issued.
d	None of the above