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The purpose of reporting current maturities of long-term debt is to: a. report any portion...

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Accounting

The purpose of reporting current maturities of long-term debt is to:

a. report any portion of a long-term borrowing that is to be paid in the upcoming accounting period as a current liability.

b. reclassify a portion of debt from the noncurrent section of the balance sheet to the current section of the balance sheet.

c. properly classify liabilities.

d. all of these .

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