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Enter the forecasted amounts for the current portion

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For Metropolis, suppose that the only debt is their mortgage on their main office/laboratory in Mumbai. Let us further assume that the principal portion of the mortgage payments will be ?980,000 in 2004, ?1,030,000 in 2005, ?1,080,000 in 2006, and ?1,135,000 in 2007.

The current portion of long term debt is equal to the amount expected to be paid in the coming year. For example, the amount of the mortgage that is recorded in 2003 will be 1.0, which is the current portion of long term debt that will be paid in 2004 (?980,000 rounded to 1.0). Note that the data shown in each year are the amounts as of the last day of the year.

Question 1: Enter the forecasted amounts for the Current Portion of Long Term Debt in the appropriate spaces

Reference no: EM132615977

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