â¢ Equity. Like assets, they can be both current and long term. Long-term liabilities are debts and other non-debt financial obligations, which are due after a period of at least one year from the date of the balance sheet. The table below shows how the liabilities section of Fred's Factory's balance sheet would look.
Floridaâbased Q-Link Wireless is company that is designed to enroll qualified customers for a free government cell phone through the Lifeline Assistance Program. The company has brought their service to Colorado, Maryland, Michigan, Missouri, Nevada, Texas, West Virginia, Wisconsin and most recently Utah.
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