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Question
What are some examples of long-term debt?
What are some examples of long-term debt?
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Solution
Home loans, vehicle installments, or different credits for equipment, machinery, or land are long-term, with the exception of the payments to be made in the coming year. The part due within one year is grouped on the accounting report as a current portion of long-term debt or obligation.
Home loans, vehicle installments, or different credits for equipment, machinery, or land are long-term, with the exception of the payments to be made in the coming year. The part due within one year is grouped on the accounting report as a current portion of long-term debt or obligation.
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