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How Anne classify the debt on its December balance sheet

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Reference no: EM133099200

Question - Anne Company refinanced current debt as long-term debt on January 5, 2018. Anne's fiscal year ended on December 31, 2017, and its financial statements will be issued sometime in early March, 2018. Under IFRS, how would Anne classify the debt on its December 31, 2017 balance sheet?

A. Neither as current or noncurrent but with a disclosure note explaining the circumstances

B. As a current liability

C. As a noncurrent liability

D. In the "mezzanine" between current and noncurrent liabilities

Reference no: EM133099200

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