Long-term debt is reported on the balance sheet at

A) current market value.
B) net realizable value.
C) discounted present value.
D) future value.

Long-term debt is reported on the balance sheet at the discounted present value of future cash flows using the effective interest rate method. This is because the present value of the debt represents the amount that would need to be paid today to settle the debt in the future, taking into account the interest that will accrue over time. Current market value, net realizable value, and future value are not typically used when reporting long-term debt on the balance sheet.