Liabilities that will not be due for a long time are known as:

Name: Liabilities that will not be due for a long time are known as:
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Question

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Long-term liabilities are those obligations that do not need to be paid off or settled within one year from the date of the balance sheet. Examples include long-term loans, bonds payable, lease liabilities, and deferred revenue. Fixed liabilities and variable liabilities are not recognized accounting terms.

Liabilities That Will Not Be Due for a Long Time