Tell me the meaning of long-term notes payable is or long term liabilities?
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Answer Posted / Roshan Lal
Long-term notes payable are long-term debts that a company owes to others, which have a maturity date beyond one year or the company's operating cycle, whichever is longer. Long-term liabilities are all debts that are not due for payment within one year or the company's operating cycle.
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