Current portion of long-term debt refers to the amount of principle on a note payable that must be paid within a year or an operating cycle.

Name: Current portion of long-term debt refers to the amount of principle on a note payable that must be paid within a year or an operating cycle.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

The current portion of long-term debt refers to the portion of a company's long-term debt that is due within the next year or operating cycle, whichever is longer.

Current Portion of Long-Term Debt Refers to the Amount of Principle