Use the excerpt below from the financial statements of Fixet Companys debt footnote ( from Fixet Companys

Question:

Use the excerpt below from the of Fixet Company’s debt footnote ( from Fixet Company’s 2012 Annual Report) to answer the following questions:
a. A t December 31, 2012, what is the amount of the current portion of long- term debt?
b. How much debt will mature over the next five years?
c. What would be the difference in liabilities if Fixet reported the debt at fair values? Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...