10.17

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 Current Year Preceding Year

Total long-term debt $795,500 $437,500

Less current portion (230,700) (214,800)

Long-term debt $564,800 $222,700

a. How much of the long-term debt was disclosed as a current liability on the current years December 31 balance sheet? $

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? $

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?