Yayo: And I'd like to thank game 'cause he's mr potato head of the year, 'n' you kn..
Long-term liabilities = liabilities-current liabilities. Following is a list of some typical long-term liabilities: 1  Bonds payable. 2  Loans payable. 3  Deferred tax liability. 4  Pensions payable. 5  Post-retirement healthcare obligation. 6  Finance lease payable.
When refunding long-term debt with bonds payable, report proceeds from new debt as other financing sources rather than revenue for governmental funds. Record the funding of long-term debt using the following COBJs: If the refunded debt is bonds payable, use COBJ 3870 â Bonds Issued to Refund Existing Bond Debt.