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A Disclosure Note in the Annual Financial Statements of Macy's

Question 246

Essay

A disclosure note in the annual financial statements of Macy's Inc. included the following:
"Future maturities of long-term debt, other than capitalized leases and premium on acquired debt, are shown below:"
For how many years subsequent to the current year must Macy's report these amounts? Name at least two other items that must be disclosed for a company's long-term debt.

Correct Answer:

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For all long-term borrowings, disclosure...

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