Long-term debt is any debt that takes your business longer than one year to pay off. You list long-term debt on the balance sheet under the long-term liabilities heading. You group similar types of ...

The Michigan Legislature recently enacted, and Governor Snyder signed into law on October 9, 2012, amendments to the Revised Municipal Finance Act (2001 PA 34 or "Act 34") that permit, through ...

Liabilities includes all credit accounts on which your business owes principal and interest. These debts typically result from the use of borrowed money to pay for immediate asset needs. Long-term ...

Bonds and notes payable are two types of debt that companies can access to raise capital. Technically speaking, both are written agreements between the company and the lender defining how much will be ...

Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Other current liabilities are short-term debts not ...