Question: ( P - 1 7 ) Current portion of long - term debt Connie's Bistro, Inc. reported the following information about its long - term

(P-17) 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 consists 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?
$
million
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?
$
million
c. If Connie's Bistro did not Issue additional long-term debt next year, what would be the total long-term debt on December 31 of
the upcoming year?
$
million
 (P-17) Current portion of long-term debt Connie's Bistro, Inc. reported the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!