Current maturities of long-term debt are often classified as long-term debt due within one year on the balance sheet.

Name: Current maturities of long-term debt are often classified as long-term debt due within one year on the balance sheet.
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Quizplus · Accepted Answer

This is true. Current maturities of long-term debt represent the portion of long-term debt that is due within a year and is therefore classified as a current liability on the balance sheet.

Current Maturities of Long-Term Debt Are Often Classified as Long-Term