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

Question

Quizplus · Accepted Answer

The current portion of long-term debt is a known amount that is due within one year, shown separately on the balance sheet, and must be disclosed.

The Current Portion of Long-Term Debt