Current portion of long-term debt PepsiCo, Inc. (PEP) 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 December 31 Current Year Preceding Year Total long term-debt Current portion $29,148 (2,848) $26,300 $28,295 (3,953) $24,342 Long-term debt 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 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? million
Current portion of long-term debt PepsiCo, Inc. (PEP) 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 December 31 Current Year Preceding Year Total long term-debt Current portion $29,148 (2,848) $26,300 $28,295 (3,953) $24,342 Long-term debt 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 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? million
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Current portion of long-term debt
PepsiCo, Inc. (PEP) 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:
Total long term-debt
Current portion
December 31
December 31
Current Year Preceding Year
$29,148
(2,848)
$26,300
$28,295
(3,953)
$24,342
Long-term debt
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 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?
million
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Step 1: Define Long term debt
VIEWStep 2: a) The presentation of te long term debt disclose as current liability for current year is as follow
VIEWStep 3: b) The presentation of the current liability change in preceding year and current year as follows-
VIEWStep 4: c) The presnetation of the total long-term debt on December 31 of the upcoming year is as follows-
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