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.
These current liabilities are sometimes referred to as notes payable. They are the most important item under the current liabilities section of the balance sheet and most of the time, represent the payments on a company's loans or other borrowings that are due in the next twelve months.