P.F. Chang's China Bistro, Inc., the operator of P.F. Chang restaurants, reported the following information about its

Question:

P.F. Chang's China Bistro, Inc., the operator of P.F. Chang restaurants, reported the following information about its long-term debt in the notes to a recent financial statement:

Long-term debt is comprised the following:

image

(a) How much of the notes payable was disclosed as a current liability on the December 31, 2006, balance sheet?

(b) How much did the total current liabilities change between 2005 and 2006 as a result of the current portion of long-term debt?

(c) If P.F. Chang's did not issue additional notes payable during 2007, what would be the total notes payable on December 31,2007?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

Question Posted: