PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial
Question:
PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial statement (in millions):
Long-term debt is comprised of the following:
a. How much of the long-term debt was disclosed as a current liability on the current year’s December 31 balance sheet?
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?
c. If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year?
Transcribed Image Text:
December 31 Current Year Previous Year Total long term-debt Less current portion Long-term debt $32,248 $37,816 (3,953) $28,295 (4,020) $33,796
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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