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 answers are correct.
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Home » Business » 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.