Long-Term Liabilities
Long-term liabilities are obligations due more than one year after the balance sheet date, such as bonds payable, long-term debt, lease liabilities, and pension obligations.
Example: On the balance sheet, a company reporting $500 million in bonds payable due in 12 to 25 years would show that amount as long-term liabilities (the portion of the debt maturing within the next year would be recorded separately as a current liability).
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