When the maturity date of a bond issue is within one year or the operating cycle (whichever is longer)of the current balance sheet date, the bond liability should be reclassified as a current liability (assuming the payment will be made out of current assets).

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The Answer of When the maturity date of a bond issue is within one year or the operating cycle (whichever is longer)of the current balance sheet date, the bond liability should be reclassified as a current liability (assuming the payment will be made out of current assets).

When the Maturity Date of a Bond Issue Is Within