Which of the following liabilities is NOT typically considered a short-term liability?

Long-term debt is not typically considered a short-term liability because it represents borrowed funds that are due for repayment beyond one year. In contrast, liabilities such as accounts payable, accrued expenses, and short-term notes are expected to be settled within a year, categorizing them as current or short-term liabilities. Long-term debt is associated with larger financing arrangements, often for significant investments in assets or projects, and reflects a company's financing strategy over a longer horizon. Understanding the distinction between long-term and short-term liabilities is essential for analyzing a company's balance sheet and assessing its liquidity and financial health.