Which of the Following Statements Is True

question 33

Multiple Choice

Which of the following statements is true?

• A)Refinanced long-term debt may be reported as long-term rather than current if the refinancing has been completed before the date of the financial statements, according to ASPE; and before the date of the issue of the financial statements, according to IFRS.
• B)Refinanced long-term debt may be reported as long-term rather than current if the refinancing has been completed before the date of the financial statements, according to IFRS; and before the date of the issue of the financial statements, according to ASPE.
• C)Refinanced long-term debt may be reported as long-term rather than current if the refinancing has been completed before the date of the financial statements, according to IFRS and ASPE.
• D)Refinanced long-term debt may be reported as long-term rather than current if the refinancing has been completed before the issue of the financial statements, according to IFRS and ASPE.