The long-term debts of a firm are:
A) Liabilities that come due within the next 12 months.
B) Liabilities that do not come due for at least 12 months.
C) Liabilities owed to the firm's suppliers.
D) Liabilities owed to the firm's shareholders.
E) Liabilities the firm expects to incur within the next 12 months.
Correct Answer:
Verified
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