Current maturities of long-term debt are reported separately from long-term liabilities.

Name: Current maturities of long-term debt are reported separately from long-term liabilities.
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Question

Quizplus · Accepted Answer

Current maturities of long-term debt are the portion of long-term debt that is due within the next 12 months and are reported separately from long-term liabilities in the balance sheet to provide useful information about the company's short-term liquidity and financial obligations.

Current Maturities of Long-Term Debt Are Reported Separately from Long-Term