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Loan from bank long term liabilities? |
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Answer» Long-term liabilities, or non-current liabilities, are liabilities that are due BEYOND a year or the normal operation period of the company. The normal operation period is the AMOUNT of TIME it takes for a company to turn INVENTORY into cash. On a classified balance sheet, liabilities are separated between current and long-term liabilities to help users ASSESS the company's financial standing in short-term and long-term periods.Explanation:Please mark me brainliestPlease follow me |
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