Since payment is due within one year,the current portion of long-term debt should be reported separately in the long-term liabilities section of the balance sheet.

Name: Since payment is due within one year,the current portion of long-term debt should be reported separately in the long-term liabilities section of the balance sheet.
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The current portion of long-term debt due within one year should be reported as a current liability, not in the long-term liabilities section of the balance sheet.

Since Payment Is Due Within One Year,the Current Portion of Long-Term