$1)$ The current portion of long$-$term debt is the current months principal and interest payment.TrueFalse

$2)$ Current and long$-$term portions of debt are shown on the income statement.TrueFalse

$3)$ The current portion of long$-$term debt is the principal payments that are due in the next $12$ months.TrueFalse

$4)$ The long$-$term portion of debt is the principal and interest payments that are due after the current month.TrueFalse

$5)$ The long$-$term portion of debt is the principal that is due beyond $12$ months.TrueFalse