ument Portion of Long-Term Debt orme\'s ??tro, Inc reported thefoong iformation

Question

ument Portion of Long-Term Debt orme's ??tro, Inc reported thefoong iformation Long-term debt is comprised of the flwig bout its long-term debt in the notes to a recent financial stabement December 31 Current Preceding Nobes payable Less ourrent portion Long-term de 854 500 $470,000 247,800) 230,700 606,700$239,300 Now mucth of the notes payable was disdiosed as a current ablity on the curent year's December 31 balance she h How much did the total curment Sabilities change the preceding year and the current yeara

Explanation / Answer

Answer:

a.247800

b.247800 - 230700 = 17100 increase

c.606700 .No additional notes were issued, but the portion that was current at the end of Current year (247,800) would have been paid off.

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