What portion of non-delinquent debt is recorded as current?

The correct choice indicates that debt which is scheduled to be collected within 12 months is recorded as current. This is based on the classification of debts in financial accounting, where current liabilities represent obligations due within a specified short term, typically one year.

Recording debt in this manner allows organizations to present a clear and accurate picture of their short-term financial obligations, which is crucial for liquidity management and financial planning. When debt is anticipated to be collected in the near term, it must be differentiated from long-term debt, which may not be collected for a longer duration. This distinction helps stakeholders understand the organization’s immediate financial responsibilities and its ability to meet those obligations.

The other options do not accurately capture the criteria for classifying non-delinquent debt as current; for instance, simply having a total amount under $1,000 does not automatically qualify as current without context regarding collection time frames. Similarly, not all non-delinquent debts are due within the current period, hence they wouldn't be classified as current regardless of their status or adjustments.