Current portion of long-term debt Connie's Bistro, Inc. reported the following information about its long-term debt...
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Current portion of long-term debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 December 31 Current Year Prior Year Total long term-debt $397,300 $218,500 Current portion Long-term debt (115,200) $282,100 (107,300) $111,200 a. $ How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? 115,000 X million b. How much did the total current liabilities change between the preceding year and the current year as a result of the current portion of long-term debt? 79,000 X million Increase c. If Connie's Bistro did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year? 2,815,000 X million Current portion of long-term debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 December 31 Current Year Prior Year Total long term-debt $397,300 $218,500 Current portion Long-term debt (115,200) $282,100 (107,300) $111,200 a. $ How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? 115,000 X million b. How much did the total current liabilities change between the preceding year and the current year as a result of the current portion of long-term debt? 79,000 X million Increase c. If Connie's Bistro did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year? 2,815,000 X million
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
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