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: December 31 Current Preceding Year Year Total long-term debt $757,500 $416,600 Less current portion (219,700) (204,500) Long-term debt $537,800 $212,100 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 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?
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: December 31 Current Preceding Year Year Total long-term debt $757,500 $416,600 Less current portion (219,700) (204,500) Long-term debt $537,800 $212,100 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 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?
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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:
December 31
Current
Preceding
Year
Year
Total long-term debt
$757,500
$416,600
Less current portion
(219,700) (204,500)
Long-term debt
$537,800
$212,100
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 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?
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