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….
Long-term debt
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