how much did the total current liabilities change between 2008 and 2009 as a result 554266
EX 11-7 Current portion of long-term debt
Burger King Holdings, Inc., the operator and franchisor of Burger King restaurants, reported the following information about its long-term debt in the notes to a recent financial statement:
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how much did the total current liabilities change between 2008 and 2009 as a result 554266
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Long-term debt is comprised of the following:
|
June 30 |
||
|
2009 |
2008 |
|
|
Notes payable |
$823,100,000 |
$876,200,000 |
|
Less current portion |
(67,500,000) |
(7,400,000) |
|
Long-term debt |
$755,600,000 |
$868,800,000 |
a. How much of the notes payable was disclosed as a current liability on the June 30, 2009, balance sheet?
b. How much did the total current liabilities change between 2008 and 2009 as a result of the current portion of long-term debt?
c. If Burger King did not issue additional notes payable during 2010, what would be the total notes payable on June 30, 2010?
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