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Current Portion of Long-Term Debt Burger King Holdings, Inc., the operator and franchisor of Burger...

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Accounting

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: 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? $________ Increase 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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