Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The total long-term liabilities reported on the balance sheet are $2685000. Long-term liabilities, also known as long-term debts, are debts owed by a company to third-party creditors that are due after 12 months.
This distinguishes them from current liabilities, which must be paid within a year. Long-term liabilities appear on the balance sheet alongside current liabilities. Long-term liabilities are typically due in more than a year. Mortgage loans, bonds payable, and other long-term leases or loans, excluding the portion due in the current year, are examples of long-term liabilities. Short-term liabilities must be paid within the current fiscal year.
To learn more about liabilities, click here.
https://brainly.com/question/15006644
#SPJ4
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
