Which of the Following Is Not a Condition Necessary to Exclude

question 72

Multiple Choice

Which of the following is not a condition necessary to exclude a short-term obligation from current liabilities?

• A)Intend to refinance the obligation on a long-term basis.
• B)Obligation must be due within one year.
• C)Unconditional right to defer settlement of the liability for at least 12 months.
• D)Subsequently refinance the obligation on a long-term basis.

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Definitions:

Acute Shortness

Likely refers to acute shortness of breath or dyspnea, a sudden and intense difficulty in breathing, often indicative of a medical condition.

Recumbent Position

A lying down position in which a person is on their back, often used in medical settings for comfort or examination purposes.

Dizziness

A sensation of unsteadiness or a feeling of movement within one's environment, which may lead to balance issues.

Respiratory Rate

The number of breaths a person takes per minute, which is a critical vital sign in assessing respiratory and overall health.