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Liabilities are generally listed based on their due dates. Liabilities are said to be either current or long-term. Current liabilities are obligations a company expects to pay off within the year. Long-term liabilities are obligations due more than one year away.Liabilities are listed in General, depending on their due date. The debt is said to be either in the current or in the long term. Current liabilities are obligations, the company expects to pay out within the year. Long-term liabilities because it is a duty for more than a year away.
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