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Long-term debt

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Long-term debt that matures within one year and is to be converted into stock should be reported a. as a current liability.b. in a special section between liabilities and stockholders’ equity. c. as noncurrent. d. as noncurrent and accompanied with a note explaining the method to be used in its liquidation. Please explain the answer. Long­term debt that matures within one year and is to be converted into stock should be reported a. as a current liability. b. in a special section between liabilities and stockholders’ equity….

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