Where is long-term debt on a balance sheet?
Question:
Where is long-term debt on a balance sheet?
Liabilities
One of the ways in which financial institutions make money is by lending cash to businesses in exchange for interest. On the part of the company, the cash that it receives as part of this transaction becomes a liability that it is legally bound to pay.
Answer and Explanation:
Become a Study.com member to unlock this answer! Create your account
View this answerLong-term debt on a balance sheet is listed under the non-current liabilities section. Debts that take more than a year to be paid are considered...
See full answer below.
Learn more about this topic:
Get access to this video and our entire Q&A library
Long-Term Debt | Formula, Types & Examples
from
Chapter 8 / Lesson 7Learn about long-term debt. Understand what long-term debt is, examine the long-term debt formula, know how to calculate long-term debt, and see examples.
Explore our homework questions and answers library
Browse
by subject