Which of the following situations would not require that long-term liabilities be reported as current liabilities on a classified balance sheet? The long-term debt matures within the upcoming year. The company intended to refinance the debt and did so prior to issuance of the financial statements. The creditor has the right to demand payment due to a contractual violation. The long-term debt is callable by the creditor.

The situation that would not require the long-term liabilities to be reported as current liabilities on the balance sheet is :"The company intends to refinance the debt and did so prior to issuance of the financial statements".

Explanation:

Analyzing all the options given above:

The above three statements clearly explain that they are recorded as a current liability, but when the company intends to refinance the debt and did so prior to issuance of the financial statements does not record the current liability.

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