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:

Heart

A muscular organ in most animals, which pumps blood through the blood vessels of the circulatory system.

Internal Carotid Artery

A major artery in the head and neck that supplies blood to the brain, eyes, and forehead.

Circulatory Pathway

The route taken by blood as it circulates through the body, delivering oxygen and nutrients while removing waste products.

Brain

The complex central nervous system organ located in the skull, responsible for processing sensory information, regulating bodily functions, and facilitating cognition and consciousness.