Current Portion of Long-Term Debt PepsiCo, Inc., reported the following informat

Question

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 composed of the following:

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?
$

Increase

Decline

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?
$

December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557 Current portion (4,096) (2,224) Long-term debt $23,821 $24,333

Explanation / Answer

Ans: $4096

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?

Ans: The current liability has increased by 1872 (4096-2224)

The co. Will repay amount of $4096 in the next year . The loan liability will be 23821 if no additional loan is being received.

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