The current portion of long-term debt would appear on the balance sheet as

Question

Quizplus · Accepted Answer

The current portion of long-term debt would appear on the balance sheet as a current liability. This is because the current portion represents the amount of the debt that is due to be paid within the next year. It is separated from the remaining balance of the long-term debt, which is not due within the next year and is thus listed as a long-term liability. Therefore, the correct answer is:

The Current Portion of Long-Term Debt Would Appear on the Balance