Long-term debt generally includes
A)obligations that will be satisfied within one year.
B)accounts payable, because they are interest-bearing.
C)obligations that extend beyond one year.
D)accrued expenses.

Question

Quizplus · Accepted Answer

Long-term debt refers to financial obligations that a company has that are due to be repaid over a period longer than one year from the date of the financial statement. This type of debt can include bonds, long-term loans, lease obligations, and other financial instruments. These debts are used to finance the company's long-term investments and capital expenditures, and they often have specific repayment schedules and interest rates associated with them.

Long-Term Debt Generally Includes