The current portion of long-term debt should be reported separately in the current liabilities section of the balance sheet.

Name: The current portion of long-term debt should be reported separately in the current liabilities section of the balance sheet.
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The current portion of long-term debt, which represents the amount of principal that will be due within the next year, should be reported separately in the current liabilities section of the balance sheet.

The Current Portion of Long-Term Debt Should Be Reported Separately