Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the current portion of long-term debt is a balance

The current portion of long-term debt is a balance sheet item for Universal Products Company....

80.2K

Verified Solution

Question

Accounting

The current portion of long-term debt is a balance sheet item for Universal Products Company. How would it most likely be classified on the balance sheet?

a) current asset

b) long-term liability

c) current liability

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

(A) Describe the difference between Diffraction and Scattering in fading procedure. [5 marks] (B) Identify the numerical...

General Management
1.2K views

PLEASE MAKE SURE TO TYPE AN ORIGINAL ANSWER. The Communication-By-Objectives Approach (CBO) is a framework for creating effective...

Finance
1.2K views

The following table lists prices of Alphabet options in December 2015 when Alphabet stock was selling...

Accounting
1.2K views

The following is a partial trial balance for General Lighting Corporation as of December 31, 2018: Account...

Physics
1.2K views

The graph shows variation of v with change in u for a mirror Points plotted...

Physics
1.2K views

A simple pendulum 50 cm long is suspended from the root of a cart accelerating...

Basic Math
1.2K views

Which type of relation is represented by the data below X 1 2 3 4...

Basic Math
1.2K views

Solve |X + 5| = -8A. x = ?3 and x = 13B. No solutionC....

Algebra
1.2K views

Consider the following polynomial function f x x 2 x 3 x 4 Step 1...

Algebra
1.2K views

4 x 3 4 58 6 Type a resp

Accounting
1.2K views

Phoenix Companys 2015 master budget included the following fixed budget report. It is based on...

Accounting
1.2K views

Question The beginning inventory for Dunne Co. and data on purchases and sales for a...