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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:
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: Long-term debt is comprised of the following: December 31 Current Preceding Year Year Total long term-debt $566,600 $311,600 Less current portion Long-term debt (164,300) (153,000) $402,300 $158,600 a. How much of the long-term debt was disclosed as a current liability on the current year's 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?
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