Current Portion of Long-Term Debt Refers to the Amount of Principle

question 31

True/False

Current portion of long-term debt refers to the amount of principle on a note payable that must be paid within a year or an operating cycle.

---

Definitions:

Virtual Teams

Teams that operate and collaborate primarily through electronic communications technology, such as email, video conferencing, and messaging apps.

Geographically Dispersed

Refers to teams or organizations that are spread out over different geographical locations, often requiring remote communication and management.

Information Technology

The use of systems, especially computers and telecommunications, for storing, retrieving, and sending information.

Computer-mediated Interactions

Exchanges or communications between individuals or groups facilitated by computers and the internet, often through social media platforms, email, or chat systems.