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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
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 is composed of the following: December 31 Current Year Preceding Year Total Notes payable $475,100 $261,300 Less current portion (137,800) (128,300) Long-term debt $337,300 $133,000 a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? b. How much did the total current liabilities change the preceding vear 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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