PepsiCo, Inc., reported the following information about its long-term debt in th

Question

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

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?

current year Preceding year Total long term debt 28359 26773 Less current portion 4815 6205 Long term debt 23544 20568

Explanation / Answer

Answer a. Long Term Liability Disclosed as Current Liability in Current Year = $4815 Answer b. Changes in Current liabilities Due to Long Term debt = 6205 - 4815 = 1390 The current Liabilities are reduced by $1390 from preceding year Current Liabilities. Answer c. If Pepsico did not issue Additional Long Term Debt Next Year Total Long term Debt on Dec 31 of Coming Year = $23544

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.