Long Term Liabilities
Long term liabilities are obligations that a company expects to pay after one year. Liabilities in this category include bonds payable, mortgages payable, long-term notes payable, lease liabilities, and pension liabilities. Many companies report long term debt maturing after one year as a single amount in the balance sheet and show the details of the debt in notes that accompany the financial statements.
>> Read Current Liabilities.
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