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Untitled Document10 - bonds payable pension and other...

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Long Term Liabilities Defined Long-term liabilities  are existing obligations or debts due after one year or  operating cycle, whichever is longer. They appear on the balance sheet after total  current liabilities and before owners' equity. Examples of long-term liabilities are  notes payable, mortgage payable, obligations under long-term capital leases, 
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Unformatted text preview: bonds payable, pension and other post-employment benefit obligations, and deferred income taxes. The values of many long-term liabilities represent the present value of the anticipated future cash outflows. Present value represents the amount that should be invested now, given a specific interest rate, to accumulate to a future amount....
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