The purpose of reporting Current Maturities of Long-Term debt is to:

all of these.

report any portion of a long-term borrowing that is to be paid in the upcoming accounting period as a current liability.

reclassify a portion of debt from the noncurrent section of the balance sheet to the current section of the balance sheet.

properly classify liabilities.

The purpose of reporting Current Maturities of Long-Term debt is to: all of these. report any portion of a long-term borrowing that is to be paid in the upcoming accounting period as a current liability. reclassify a portion of debt from the noncurrent section of the balance sheet to the current section of the balance sheet. properly classify liabilities. An Accounts Payable normally results from which of the following transactions