Long-term liabilities that represent money loaned to the firm by bondholders that must be paid back are called payable.
Question
Solution 1
The long-term liabilities that represent money loaned to the firm by bondholders that must be paid back are called "Bonds Payable".
Here are the steps to understand this:
- Long-term liabilities: These are financial obligations that a company expects to pay after one year. They are recorded on t Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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