Long-term liabilities are reported in a separate section of the balance sheet immediately following current liabilities.

Name: Long-term liabilities are reported in a separate section of the balance sheet immediately following current liabilities.
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Long-term liabilities are reported separately from current liabilities on the balance sheet. Current liabilities are due within one year while long-term liabilities are due after one year.

Long-Term Liabilities Are Reported in a Separate Section of the Balance