Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under:
A) U.S. GAAP.
B) IFRS.
C) Either U.S. GAAP or IFRS.
D) Neither U.S. GAAP nor IFRS.

Question

Quizplus · Accepted Answer

The Answer of Liabilities payable within the coming year are classified as long-term liabilities if refinancing is completed before date of issuance of the financial statements under:
A) U.S. GAAP.
B) IFRS.
C) Either U.S. GAAP or IFRS.
D) Neither U.S. GAAP nor IFRS.

Liabilities Payable Within the Coming Year Are Classified as Long-Term