The Current Portion of Long-Term Debt

question 63

Multiple Choice

The current portion of long-term debt:

• A) Will be a known amount.
• B) Is shown separately from the long term portion on the balance sheet.
• C) Refers to the part of long-term debt that is due within one year.
• D) Must be disclosed.
• E) All of these answers are correct.

---

Definitions:

Distractibility

The condition of having one's attention easily diverted from one task or thought to another, often resulting in difficulties in concentration or focus.

Cardiac Arrest

A sudden, unexpected loss of heart function, breathing, and consciousness, typically caused by an electrical disturbance in the heart.

Convulsions

Involuntary, rapid contractions of muscles which can be a symptom of various medical conditions, including epilepsy and fever.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, which increases heart rate, contracts blood vessels, dilates air passages, and participates in the fight-or-flight response.