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When must a lian be reported as “current”
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When must a lian be reported as “current”

User Brooks
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1 vote

Answer:

Step-by-step explanation:

The principal payments of a mortgage loan or an equipment loan that must be paid within one year of the date of the balance sheet are reported in this item. To be reported as a current liability the item must be due within one year of the balance sheet date (unless the company's operating cycle is longer).

User Luckongas
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Answer: To be reported as a current liability the item must be due within one year of the balance sheet date

Step-by-step explanation:

User Tanktalus
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