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6 February, 12:20

When must a lian be reported as "current"

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  1. 6 February, 12:31
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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
  2. 6 February, 12:41
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    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).
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