The current portion of long-term debt
A)Refers to the part of long-term debt that is due within one year
B)Is shown separately from the long-term portion on the balance sheet
C)Must be disclosed
D)Will be a known amount
E)All of these

Question

Quizplus · Accepted Answer

The current portion of long-term debt refers to the part of long-term debt that is due within one year, is shown separately from the long-term portion on the balance sheet, must be disclosed, and will be a known amount. Therefore, all of the choices are correct.

The Current Portion of Long-Term Debt