Long-term liabilities are reported on the balance sheet at an amount equal to the future cash flows.

Name: Long-term liabilities are reported on the balance sheet at an amount equal to the future cash flows.
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Quizplus · Accepted Answer

Long-term liabilities are reported on the balance sheet at their carrying amount, not at the total of the future cash flows they represent. The carrying amount is typically the principal amount adjusted for any amortization of discounts or premiums.

Long-Term Liabilities Are Reported on the Balance Sheet at an Amount