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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 3
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
Verified
Verified
(a) Disclosure of current liability:
Th...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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