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

Question:

Why is the current portion of long-term debt classified separately as a current liability? What would the impact on users of the be if the current portion wasn't reported separately?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...