The Current Portion of Long-Term Debt Should

question 286

Multiple Choice

The current portion of long-term debt should

• A) be paid immediately.
• B) be reclassified as a current liability.
• C) be classified as a non-current liability.
• D) not be separated from the long-term portion of debt.

---

Definitions:

Predictability

The ability to foresee and anticipate future events or outcomes based on existing patterns or data.

Continuity

The unbroken and consistent existence or operation of something over a period of time.

Primary Sources

Original documents or evidence directly related to a topic, used in research to provide direct evidence about an historical period or topic.

Secondary Sources

Information sources that interpret, analyze, or summarize primary source data, commonly used in academic and legal research.