ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 297

b. Obligation must be due with one year.

c. Demonstrate the ability to complete the refinancing.

d. Subsequently refinance the obligation on a long-term basis.

41. Which of the following does not demonstrate evidence
regarding the ability to consummate a refinancing of short-term
debt?

a. Management indicated that they are going to refinance the
obligation.