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1. Current Portion of Long-Term Debt 2. Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial

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1. Current Portion of Long-Term Debt 2. 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 is composed of the following: 3. December 31 4. Preceding Current Year Year 5. Total Notes payable $742,000 $408,100 6 (215,200) (200,300) Less current portion $526,800 $207,800 Long-term debt 7. a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? 8. 9. b. How much did the total current liabilities change the preceding year and the current year as a result of the current portion of long-term debt? $ c. If Connie's Bistro did not issue additional long-term debt next year, what would be the total notes payable on December 31 of the upcoming year? $

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