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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 36
Current portion of long-term debt
PepsiCo, Inc. , reported the following information about its long-term debt in the notes to a recent financial statement (in millions):
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 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?
PepsiCo, Inc. , reported the following information about its long-term debt in the notes to a recent financial statement (in millions):
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 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?
Explanation
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Long-term liability : These are the obli...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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