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The purpose of reporting Current Maturities of Long -Term debt is to: A report any portion of a long-term borrowing that is to be paid
The purpose of reporting Current Maturities of Long -Term debt is to:
A report any portion of a long-term borrowing that is to be paid in the upcoming accounting period as a current liability.
B reflect overdue installments of bonds payable.
C represent cash that has been set aside for debt payments due within a year.
D All of the above.
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