ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 302

b. entering into a financing agreement that permits the
enterprise to refinance the debt on a long-term basis.

c. actually refinancing the obligation by issuing equity
securities after the date of the balance sheet but before it is
issued.

d. all of these.

46.

Which of the following statements is false?

a. A company may exclude a short-term obligation from
current liabilities if the firm intends to refinance the obligation