Long-term debt would be used to:

Question

Quizplus · Accepted Answer

Long-term debt is typically used for significant investments or purchases that benefit a business over several years, such as acquiring new facilities, expanding operations, or purchasing major equipment. Paying employees' salaries, buying tablecloths, replacing broken glass, and providing cash discounts are all operational expenses or minor capital expenditures that are usually covered by short-term funding sources or operational cash flow, not long-term debt.

Long-Term Debt Would Be Used To