Most long-term liabilities are reported on the balance sheet at their
A) net realizable value.
B) replacement value.
C) historical cost.
D) present value.

Name: Most long-term liabilities are reported on the balance sheet at their A) net realizable value. B) replacement value. C) historical cost. D) present value.
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Question

Quizplus · Accepted Answer

Most long-term liabilities are reported on the balance sheet at their present value, which is the current value of future payments discounted at the market rate of interest.

Most Long-Term Liabilities Are Reported on the Balance Sheet at Their