The Ability to Consummate the Refinancing of a Short-Term Obligation

The ability to consummate the refinancing of a short-term obligation may be demon- strated by

A) actually refinancing the obligation by issuing a long-term obligation after the date of the balance sheet but before it is issued.
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 answers are correct.