Current Liabilities vs. Long-Term Liabilities | Finance and Accounting for Beginners
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This is a sample lesson from our online course.
Current Liabilities and Long-Term Liabilities are important items on the Balance Sheet. So how are they different?
Current Liabilities are obligations the company owe that require cash payments within 12 months. Long-Term Liabilities are those that do not require cash payments within 12 months.
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