If a payment of principal is due in 13 months on a long-term liability,that payment will now appear as:

Name: If a payment of principal is due in 13 months on a long-term liability,that payment will now appear as:
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Quizplus · Accepted Answer

The payment of principal due in 13 months on a long-term liability will still be considered a long-term debt as it is not due within the next 12 months. It will not classify as a current liability as it is payable beyond the current operating cycle.

If a Payment of Principal Is Due in 13 Months