PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt is comprised of the following: December 31 Current Year Preceding Year Total long term-debt $32,248 $37,816 Less current portion (3,953) (4,020) Long-term debt $28,295 $33,796 Enter your answers 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): Long-term debt is comprised of the following: December 31 Current Year Preceding Year Total long term-debt $32,248 $37,816 Less current portion (3,953) (4,020) Long-term debt $28,295 $33,796 Enter your answers 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?
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 13M
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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):
Long-term debt is comprised of the following:
December 31 | ||||
Current Year | Preceding Year | |||
Total long term-debt | $32,248 | $37,816 | ||
Less current portion | (3,953) | (4,020) | ||
Long-term debt | $28,295 | $33,796 |
Enter your answers 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?
$
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