Which one of the following statement is CORRECT about long term liabilities?
Which one of the following statement is CORRECT about long term liabilities? Correct Answer These consist of all debts, payabke after 12 months
Long term liabilities consist of all debts, payabke after 12 months. Long-term liabilities are obligations not due within the next 12 months or within the company's operating cycle if it is longer than one year.