The Indigo Books and Music Inc. financial statements that appear in Appendix A at the end of
Question:
The Indigo Books and Music Inc. financial statements that appear in Appendix A at the end of this book and on MyLab Accounting provide details about the company’s long term debt. Use the data to answer the following questions:
1. How much did Indigo report in long-term debt during the fiscal year ended April 1, 2017?
2. What type of long-term debt is listed on the balance sheet at April 1, 2017? See Note 21.
3. Under Note 3, Basis of Preparation, how does Indigo decide how to account for leases?
4. Is equipment that is leased shown as PPE in 2017?
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Indigo reported 784 million in longterm debt during the fiscal year ended April 1 2017 This can be f...View the full answer
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