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Connie's Bistro, Inc., reported the following information about its long-term debt in the notes to a recent financial statement: Long-term debt is comprised of the
Connie's Bistro, Inc., reported the following information about its long-term debt in the notes to a recent financial statement: Long-term debt is comprised of the following: December 31 Current Preceding Year Year Total long term.debt $777,700 $427,700 Less current portion (225,500) (210,000) Long-term deb 5552,200 $217,700 a. How much of the long-term debt was disclosed as a current ability on the current year's December 31 balance sheet? b. How much did the total current abilities change between the preceding year and the current year as a result or the current portion of long-term debt? C. I Connley Butro did not issue additional long term debt next year, what would be the total long-term debt on December 31 of the upcoming year
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