Which of the following need to be excluded from the calculation of the firm's amount of permanent debt?

Question

Quizplus · Accepted Answer

Revolving lines of credit are not considered permanent debt because they can be paid off and borrowed against multiple times without being fully repaid. Long-term debt and mortgage debt are typically considered permanent debt as they have a set maturity date and are not meant to be repaid before that date.

Which of the Following Need to Be Excluded from the Calculation