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The Current Portion of Long-Term Debt Should Be Reported

Question 29

Multiple Choice

The current portion of long-term debt should be reported:


A) Separately in the long-term liabilities section of the balance sheet.
B) In the long-term liabilities section of the balance sheet,along with the other long-term debt.
C) In the current liabilities section of the balance sheet.
D) In a separate section of the balance sheet,between long-term liabilities and shareholders' equity.

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