5 ms·
Wouldn't the principle be a current liability, and the interest the future liability?
by grog454 9mo ago
Wouldn't the principle be a current liability, and the interest the future liability?
- danielmarkbruce 9mo agoNo.
- grog454 9mo agoFor those hoping for more elaboration (including myself): 1. Only the portion of the principal that is due to be paid within the next 12 months is considered a "current liability". 2. Interest is a "future cash flow" that becomes a liability as it accrues over time.