Current maturities of long-term debt:
A)reflect overdue installments of bonds payable.
B)are classified with long-term debt.
C)represent cash that has been set aside for debt payments due within a year.
D)permit a more accurate determination of working capital.

Question

Quizplus · Accepted Answer

Current maturities of long-term debt are classified as current liabilities, which helps in determining the working capital by showing the obligations due within the next year.

Current Maturities of Long-Term Debt