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Mstt
Jun 7, 2009, 11:42 AM
Does the operating expense and long term debtappear in the liability section of the balance sheet?
pready
Jun 7, 2009, 12:38 PM
Expenses do not appear in a balance sheet. They appear in the Income Statement.

Long-term debt appears in the Balance sheet in the Liability section.

the current portion (due within one-year or one operationg cycle) is listed as a Current Liability.

The rest of the Long-term debt is listed as a Long-Term Liability.