ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 278

22.

Which of the following is a current liability?

a. A long-term debt maturing currently, which is to be paid
with cash in a sinking fund

b. A long-term debt maturing currently, which is to be retired
with proceeds from a new debt issue

c. A long-term debt maturing currently, which is to be
converted into common stock

d. None of these