Which of the following situations would not require that long-term liabilities be reported as current liabilities on a classified balance sheet?
A. The long-term debt is callable by the creditor.
B. The creditor has the right to demand payment due to a contractual violation.
C. The long-term debt matures within the upcoming year.
D. All of the above require the current classification.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.