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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 finandial 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 finandial statement (in millions) Long-term debt is composed of the following: December 31 Current Preceding Year $416,900 $229,300 (120,900) (112,600) $296,000 $116,700 Year Total Notes payable Less current portion Long-term debt 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 year and the current year as a result of the current portion of long-term debt? Increase c. If Connie's Bistro did not issue additional long- term debt next year, what would be the total notes pavable on December 31 of the upcoming year
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