Long-term debts maturing currently


Long-term debts maturing currently should be included as current liabilities if they are to be:

a. retired by assets accumulated for this purpose that properly have been shown as current assets.

b. refinanced, or retired from the proceeds of a new debt issue.

c. converted into capital stock.

d. all of the above (a, b, and c) are correct.

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Other Subject: Long-term debts maturing currently
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