P.F. Chang's China Bistro, Inc., the operator of P.F. Chang restaurants, reported the following information about its
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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:
(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?
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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