The ability to consummate the refinancing of a short-term obligation may be demonstrated by

The ability to consummate the refinancing of a short-term obligation may be demonstrated by



a. actually refinancing the obligation by issuing a long-term obligation after the date of the balance sheet but before it is issued.
b. entering into a financing agreement that permits the enterprise to refinance the debt on a long-term basis.
c. actually refinancing the obligation by issuing equity securities after the date of the balance sheet but before it is issued.
d. all of these.


Answer: all of these


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