Chapter 14, Problem 1AA

1. (a)

To determine

Identify Incorporation A’s long-term debt as reported on its balance sheet at September 30, 2017.

1. (b)

To determine

Identify Incorporation A’s long-term debt as reported on its balance sheet at September 24, 2016.

2.

To determine

Determine the percentage change in long-term debt from September 24, 2016, to September 30, 2017.

3.

To determine

Determine whether total interest expense would increase or decrease if Incorporation A’s long term liabilities continues on the current trend.