Why is the current portion of long-term debt classified separately as a current liability? What would be

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Why is the current portion of long-term debt classified separately as a current liability?

What would be the impact on users of the financial statements if the current portion wasn’t reported separately?

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Financial Accounting A Critical Approach

ISBN: 9780070967601

3rd Edition

Authors: John Friedlan

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Question Posted: Jun 14, 2024 01:34 AM

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Why is the current portion of long-term debt classified separately as a current liability? What would be

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Financial Accounting A Critical Approach

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