Long-term debt that matures within one year and is to be converted into stock should be reported a. as a current liability. in a special section…

Long-term debt that matures within one year and is to be converted into stock should be reporteda. 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 reporteda. as a current liability.b. in a special section between liabilities and stockholders’ equity….

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