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What Long-Term Liabilities Arise from Transactions with Other Creditors?

User Harshavmb
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Final answer:

Long-term liabilities that arise from transactions with other creditors include long-term loans, corporate bonds, and mortgages. These liabilities represent amounts owed to creditors that will be repaid over an extended period of time.

Step-by-step explanation:

Long-term liabilities that arise from transactions with other creditors are generally in the form of loans or bonds that have a repayment period of years or even decades. These liabilities are recorded on a company's balance sheet as long-term debt. Examples of long-term liabilities include long-term loans from banks, corporate bonds, and mortgages. These liabilities represent the amounts owed by the company to other creditors that will be repaid over an extended period of time.

User Fabio Picchi
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