The current portion of long-term debt (CPLTD) refers to the portion of long-term debt that must be paid within the next year.

Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...

You may owe capital gains tax on any realized gain on the sale of an asset, but not on unrealized capital gains. Long-term capital gains — that is, on assets held for a year or longer — are taxed at a ...