Which of the following represents a company's long-term liabilities?

The correct representation of a company's long-term liabilities is long-term debts. Long-term liabilities are financial obligations that a company is required to pay after a period of time exceeding one year. This can include loans, bonds, and mortgages that are due in the future. Such obligations are critical in assessing a company's financial health and capital structure, as they indicate how much debt is financed by long-term sources versus how much is required to address short-term operational needs.

Current assets pertain to assets that are expected to be converted into cash within a year, such as cash, inventory, and accounts receivable, and therefore do not represent liabilities at all. Accrued income taxes are categorized as current liabilities since they are due within the year, reflecting debts that must be settled in the short term. Total assets encompass everything a company owns, which includes both liabilities and equity, but does not specifically indicate the liabilities themselves. Thus, the only option that accurately defines long-term liabilities is long-term debts.