Student loans,car loans,and mortgages are likely examples of

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Long-term liabilities are debts or obligations that are expected to be paid off in more than 12 months. Student loans, car loans, and mortgages are all examples of long-term liabilities as they typically have payment terms that extend beyond a year. Current liabilities are debts that are expected to be paid off within a year, and short-term debts refer to debts that must be repaid within a short period, typically less than a year. Household liabilities is not a generally recognized accounting term.

Student Loans,car Loans,and Mortgages Are Likely Examples of