Some liability accounts can have their balances split between the current liability and long-term liability sections of a balance sheet.

Name: Some liability accounts can have their balances split between the current liability and long-term liability sections of a balance sheet.
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Liability accounts can be split between current and long-term sections based on their maturity. Current liabilities are due within one year, while long-term liabilities are due after one year.

Some Liability Accounts Can Have Their Balances Split Between the Current