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Part 1. Answer the following questions about the case presented. Los Cidros reported the following...

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Accounting

Part 1. Answer the following questions about the case presented.

Los Cidros reported the following information on long-term debt:

Current year Last year
Total long-term debt $ 14,578 million $18,564 million
Minus the current portion (1,290) million (1,540) million
Long term debts 13,288 million 17,024 million

a.Determine how much total current liabilities changed between the prior year and the current year as a result of the long-term debt portion.Explain your answer in your own words.

b.Indicates the balance of the debt the following year if Los Cidros does not acquire another long-term debt in the next few years.

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