The portion of long-term debt that matures during the coming year is classified as a current liability.

Name: The portion of long-term debt that matures during the coming year is classified as a current liability.
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Question

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The portion of long-term debt that is due within the next year is considered a current liability because it represents an obligation that must be settled within the operating cycle or one year, whichever is longer.

The Portion of Long-Term Debt That Matures During the Coming