Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt...

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Current Portion of Long-Term Debt Connies Bistro, Inc. reported the following information about its long-term debt in the no

business accounting

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Answer 1

Answer #1

Solution:

a.) $134,300 is the amount disclosed as the current portion of long term debt.

b.) The current liabilities increased by $9300 ($134,300 -$125,000)

c. $328,800 ($463,100 - $134,300) .

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Answer 2

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