If a company has a long-term loan that has only two years remaining until it matures, how

Question:

If a company has a long-term loan that has only two years remaining until it matures, how is it reported on the This year and
(b) Next year?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...