Debts that are to be repaid in two years are referred to as
A) expenses.
B) current assets.
C) long-term liabilities.
D) fixed assets.
E) current liabilities.

Name: Debts that are to be repaid in two years are referred to as A) expenses. B) current assets. C) long-term liabilities. D) fixed assets. E) current liabilities.
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Question

Quizplus · Accepted Answer

Debts that are to be repaid in more than one year, such as in two years, are classified as long-term liabilities.

Debts That Are to Be Repaid in Two Years Are