French Bistro reported the following information about its long-term debt in the notes to a recent financial
Question:
Long-term debt comprises the following:
.png)
a. How much of the notes payable was disclosed as a current liability on the December 31, 2015, balance sheet?
b. How much did the total current liabilities change between 2014 and 2015 as a result of the current portion of long-term debt?
c. If French Bistro did not issue additional notes payable during 2016, what would be the total notes payable on December 31, 2016?
d. During 2016, what is the average principal that French Bistro will pay each month? Explain why interest is not included in this amount.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a 5487000 the amount disclosed as the current portion of longterm debt b ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
46+ Reviews
54+ Question Solved
Related Book For 
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Question Posted:
