FINANCIAL+MANAG.ACCT.
FINANCIAL+MANAG.ACCT.
9th Edition
ISBN: 9781260728774
Author: Wild
Publisher: RENT MCG
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Chapter 9, Problem 2QS
To determine

Concept Introduction:

Current portion of long-term debt is the portion of long-term debt due in the current year, it is reported as current liabilities in the balance sheet. The current portion of long-term debt is an important tool used to ascertain the company’s ability to pay its short-term debts.

The liabilities section of the year-end balance sheet, that reports the current portion of long-term debt.

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Chapter 9 Solutions

FINANCIAL+MANAG.ACCT.

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