Question

The portion of long-term debt of a company that is not due within the reporting period is assified as a 1. Current liability 2. Fixed liability 3. Long term liability 4. Contingent liability​

Answer 1

Answer:

1.Current liability

Explanation:

The current portion of long-term debt (CPLTD) is the amount of unpaid principal from long-term debt that has accrued in a company's normal operating cycle (typically less than 12 months). It is considered a current liability because it has to be paid within that period.