For U.S.GAAP reporters,short-term debt can be refinanced as long-term when the company intends to refinance on a long-term basis and the company can ________.

Question

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Under U.S. GAAP, short-term debt can be classified as long-term if the company intends to refinance it on a long-term basis and demonstrates the ability to consummate the refinancing, typically by having a firm refinancing agreement in place.

For USGAAP Reporters,short-Term Debt Can Be Refinanced as Long-Term When the the Company