ome odys/servlet/ekp?action=-1§ionIndex=1&dateStartTime=1712171786494&questionIndex=2&submitToken=2558acb1de75dec4fc847b266ffc7e399b84d956&FILTER=ALL&TX-REDOABLETEST& wered Bookmarked cial All questions are mandatory Question (2) How is a mortgage recorded on a net worth statement? O It can be recorded either as a long-term liability or as a combination of short and long-term liabilities. O The mortgage payments for the current year are recorded as short-term liabilities, with the remaining outstanding balance recorded as a long-term liability. It is recorded in a separate category from other liabilities. O The entire outstanding balance is recorded as a long-term liability. Bookmark for review Submit Assessment Summary