The following statements concerning long-term debt are true except that ______.A.long-term
The following statements concerning long-term debt are true except that ______.
A.long-term debt is a liability of a period longer than one year
B.long-term debts are paid in installments
C.despite of different payment plans, long-term debts are never classified as current liabilities
D.the loan borrowed by the company is a typical example of long-term debt