an entity has an existing note maturing within 12 months from the balance sheet date. The entity has the right to refinance the obligation for 15 months from the report date the obligation should be accounted for as A. Accounted for as a current liability when refinancing was done after the report date and after the issuance of the financial statement, with a corresponding disclosure in the notes regarding the refinancing B. Accounted for as a current liability when refinancing was done on or before the reporting date. C. Accounted for as a current liability when refinancing was done after the report date but before the issuance of the financial statement.
an entity has an existing note maturing within 12 months from the
A. Accounted for as a current liability when refinancing was done after the report date and after the issuance of the financial statement, with a corresponding disclosure in the notes regarding the refinancing
B. Accounted for as a current liability when refinancing was done on or before the reporting date.
C. Accounted for as a current liability when refinancing was done after the report date but before the issuance of the financial statement.
D. Accounted for as a noncurrent liability when refinancing was done on or before the maturity date
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