The Current Portion of Noncurrent Debt Should Be Reported

question 137

Multiple Choice

The current portion of noncurrent debt should be reported:

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

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