On the balance sheet,current maturities of long-term debt appears:
A)in the Stockholders' Equity section.
B)in the Operating Expenses section.
C)in the Current Assets section.
D)in the Current Liabilities section.

Question

Quizplus · Accepted Answer

Current maturities of long-term debt are the portion of long-term debt that is due in the upcoming year and are considered to be short-term liabilities. Therefore, they appear in the Current Liabilities section of the balance sheet.

On the Balance Sheet,current Maturities of Long-Term Debt Appears