Current portion of long-term debt PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: Total long term-debt Current portion December 31 December 31 Current Year Preceding Year $29,148 $28,295 (2,848) (3,953) $26,300 Long-term debt $24,342 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? million 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? million 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? million
Current portion of long-term debt PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: Total long term-debt Current portion December 31 December 31 Current Year Preceding Year $29,148 $28,295 (2,848) (3,953) $26,300 Long-term debt $24,342 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? million 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? million 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? million
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 8RE
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![Current portion of long-term debt
PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions):
Long-term debt consists of the following:
Total long term-debt
Current portion
December 31
December 31
Current Year Preceding Year
$29,148
(2,848)
$26,300
$28,295
(3,953)
$24,342
Long-term debt
a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet?
million
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?
million
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?
million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd3e2efb-726f-45fd-bcbb-26c63546cc94%2F2b337752-9b1a-4777-8b29-805907e1e28c%2F3w2nf6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current portion of long-term debt
PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions):
Long-term debt consists of the following:
Total long term-debt
Current portion
December 31
December 31
Current Year Preceding Year
$29,148
(2,848)
$26,300
$28,295
(3,953)
$24,342
Long-term debt
a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet?
million
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?
million
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?
million
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