Question

How much of Gap’s long-term debt will become due and payable in less than 1 year?

Refer to the balance sheet below.

THE GAP, INC. CONSOLIDATED BALANCE SHEETS February 2, 2019 February 3, 2018 1,783 1,081 S 288 2,131 751 4,251 1,997 788 4,568

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Answer #1

1024 is the amount of long term debt due and to be paid in one year.

Current maturities of long term debt = 1024

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