Long-term liabilities are reported in a separate section of the balance sheet immediately following current liabilities.

Name: Long-term liabilities are reported in a separate section of the balance sheet immediately following current liabilities.
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Long-term liabilities are typically those that are due in more than one year and are reported separately from current liabilities, which are due within one year, on the balance sheet.

Long-Term Liabilities Are Reported in a Separate Section of the Balance