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Ignment Maillo invokeretakanment Sessionlocatorinprogress false eBook Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long term debt in the
Ignment Maillo invokeretakanment Sessionlocatorinprogress false eBook 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 Preceding Year Year Total Notes payable $791,200 $435,200 Less current portion (229,400) (213,600) Long-term debt $561,800 $221,600 a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? 356,000 X b. How much did the total current liabilities change the preceding year and the current vear as a result of the current portion of long-term debt? If Connie's Bistro did Increase bditional long-term debt next year what would be the total notes payable on December 31 of the upcoming year? Decling The portion due within the next 12 months is the current liability Check My Work
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