Question
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 consists of the following: December 31 Current Year Preceding Year Total long-term debt $593,900 $326,600 Less current portion (172,200) (160,400) Long-term debt $421,700 $166,200 a. How much of the long-term debt was disclosed as a current liability on the current years December 31 balance sheet? $fill in the blank 1
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? $fill in the blank
2 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? $fill in the blank 4
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