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    Horngrens Accounting Study Set 2
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    Exam 11: Current Liabilities and Payroll
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    Long-Term Debt Refers to Obligations That Have to Be Paid
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Long-Term Debt Refers to Obligations That Have to Be Paid

Question 27

Question 27

True/False

Long-term debt refers to obligations that have to be paid within a year of the balance sheet date.

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