The Current Portion of Long-Term Debt Should Be Reported

question 29

Multiple Choice

The current portion of long-term debt should be reported:

• A)Separately in the long-term liabilities section of the balance sheet.
• B)In the long-term liabilities section of the balance sheet,along with the other long-term debt.
• C)In the current liabilities section of the balance sheet.
• D)In a separate section of the balance sheet,between long-term liabilities and shareholders' equity.