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Long-term liabilities that represent money loaned to the firm by bondholders that must be paid back are called payable.

Question

Long-term liabilities that represent money loaned to the firm by bondholders that must be paid back are called payable.
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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:

  1. 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.
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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