Which of the Following Is Correct Regarding the Treatment of Short-Term

Which of the following is correct regarding the treatment of short-term obligations expected to be refinanced?

A) If an obligation has actually been refinanced or a firm refinancing agreement is in place by the date financial statements are issued, then reclassify the short-term obligation as long-term
B) Classify the short-term obligation as long-term if the obligation has been refinanced by the balance sheet date.
C) Classify the short-term obligation as long-term if the obligation has been refinanced by the date the financial statements are issued
D) There is no provision for reclassifying short-term obligations expected to refinanced as long-term obligations under international accounting standards.