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Subjects>Law & Government>United States Government

Is long term debt asset or liabilities?

Anonymous

∙ 11y ago

Updated: 8/19/2023

A long-term investment is considered a long-term asset, because a firm expects a probable future economic benefit to result from it.

Wiki User

∙ 8y ago

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More answers

They are listed as an asset

Wiki User

∙ 15y ago

liability

Wiki User

∙ 11y ago

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Q: Is long term debt asset or liabilities?

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Related Questions

Is long term debt plus current liabilities equal total debt?

Yes all kinds of debts like long term plus current liabilities is part of total debt or total liabilities.

What is the current portion of long term debt classified with?

liabilities

What is total debt?

Total debt is the sum of your long-term liabilities and current liabilities. In simple terms, your total debt is the total of all that you owe.

Is short term debt the same as current liabilities?

Current liabilities are liabilities that are due within 12 months. Short term debt is a current liability. However, there are other current liabilities. For example, taxes payable, interest payable, wages payable, accounts payable. Therefore, short term debt is not the same as current liabilities. (Short term debt is a current liability, but not all current liabilities are short term debt.)

Is short-term debt the same as current liabilities?

Essentially, yes.Many times a company has Long-term debt, with a certain amount to be repaid within the year. On the company's balance sheet they will have the remaining amount of their Long-term debtincluded in Non-Current Liabilities, while in Current liabilities they will have the Current portion of long-term debt.Basically, the balance sheet has a section for Current liabilities, which would include accounts with debts to be repaid in the short-term (generally within the year). Normally it is not listed as Short-term debt, but rather an account like Accounts payable or Bank loan, or as I stated earlier, Current portion of long-term debt.

Which asset-liability combination would most likely result in the firm's having the greatest risk of technical insolvency?

Reducing current assets, increasing current liabilities, and reducing long-term debt.

Does long term debt and short term portion of long term debt include interest?

No. Only the current amount of interest due and/or accrued is shown as Interest Payable under Current Liabilities.

How is the Bonds Payable account classified on the balance sheet?

It is classified under Long-term Debt/Liabilities

What are the classification in the liabilities?

liabilities can be classified as short term liabilities and long term liabilities

Is equipment is it long term liabilities?

is equipment a long term liabilities

Are accounts receivable assets or liabilities?

Asset. It is cash that you are owed. Accounts receivable is considered a short term asset.

What is a long term bebt considered on a balance sheet?

If you meant long term debt, then its a non-current liability, and it goes under the Equity and Liabilities section of the balance sheet.

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