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PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Dec. 31 Current Year Total long-term debt  $32,248 Less current portion     (3,953)       Long-term debt     $28,295 Preceding Year Total long-term debt  $37,816 Less current portion     (4,020)       Long-term debt     $33,796   Q: If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on Dec. 31 of the upcoming year?

PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Dec. 31 Current Year Total long-term debt  $32,248 Less current portion     (3,953)       Long-term debt     $28,295 Preceding Year Total long-term debt  $37,816 Less current portion     (4,020)       Long-term debt     $33,796   Q: If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on Dec. 31 of the upcoming year?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial statement (in millions):

Dec. 31

Current Year

Total long-term debt  $32,248

Less current portion     (3,953)

      Long-term debt     $28,295

Preceding Year

Total long-term debt  $37,816

Less current portion     (4,020)

      Long-term debt     $33,796

 

Q: If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on Dec. 31 of the upcoming year?

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