The Current Portion of Long-Term Debt Would Appear on the Balance

question 139

Multiple Choice

The current portion of long-term debt would appear on the balance sheet as

• A)current liability.
• B)long-term liability.
• C)current asset.
• D)long-term debt.

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Definitions:

Overgeneralizing

A mental bias characterized by making extensive, general assumptions from one occurrence or bit of data.

Dichotomous Thinking

A cognitive distortion involving seeing things in black and white, or all-or-nothing terms, lacking shades of gray.

Overgeneralization

A cognitive distortion where a person draws broad, generalized conclusions from a single or few incidents, often leading to negative thinking and outcomes.

REBT

Rational Emotive Behavior Therapy, a form of psychotherapy that focuses on identifying and changing irrational beliefs that cause emotional distress.