The Cidros reported the following information on long-term debt: Current year Previous year Total long-term debts $14,578 millions $18,564 millions Minus the current portion (1,290) millions (1,540) millions Long-term debts 13,288 millions 17,024 millions Determine how much total current liabilities changed between the previous year and the current year as a result of the long-term debt portion. Explain your answer. Indicates the balance of
The Cidros reported the following information on long-term debt: Current year Previous year Total long-term debts $14,578 millions $18,564 millions Minus the current portion (1,290) millions (1,540) millions Long-term debts 13,288 millions 17,024 millions Determine how much total current liabilities changed between the previous year and the current year as a result of the long-term debt portion. Explain your answer. Indicates the balance of
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...
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The Cidros reported the following information on long-term debt:
|
Current year |
Previous year |
Total long-term debts |
$14,578 millions |
$18,564 millions |
Minus the current portion |
(1,290) millions |
(1,540) millions |
Long-term debts |
13,288 millions |
17,024 millions |
Determine how much total current liabilities changed between the previous year and the current year as a result of the long-term debt portion. Explain your answer.
Indicates the balance of the debt the following year if The Cidros does not acquire another long-term debt in the next few years.
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