Please Help!!! --- How to calculate the Total Debt?

USA Discussion in 'Exams and Studying' started by mashangyouoffer, Dec 14, 2017.

  1. mashangyouoffer


    Dec 14, 2017
    Likes Received:
    I am new to accounting, and I am really confused about what total debt includes. I've seen the liabilities section below, but I do not know how to categorize each account.

    Current Liabilities:
    * Deferred Revenue
    * Accounts Payable
    * Income Tax Payable
    * Gift Card Payable
    * Accrued Compensation & Benefits
    * Accrued Expenses
    * Current portion of long-term debt and capital lease obligation
    * Current portion of deferred lease credits

    Long-term Liabilities:
    * Other liabilities
    * Deferred Income Tax
    * Long-term debt and capital lease obligations, net of current portion
    * Deferred lease credits, net of current

    I hope to know which accounts should belong to total debt. How should I fill out the form below?
    • Current Portion of Total Indebtedness:
    • Non-Current Portion of Total Indebtedness:
    Thank you very much!!!!!!
    mashangyouoffer, Dec 14, 2017
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  2. mashangyouoffer

    Drmdcpa VIP Member

    Aug 2, 2017
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    Please note that if you are looking for assistance with an exam-style question, you must attempt the question yourself before asking for help. You can then state the answer you have so far and explain which aspect you need help with. Anyone posting exam-style questions expecting the answer to be given to them will have their posts removed. Repeat offenders will be banned from the forum.
    Drmdcpa, Dec 15, 2017
    Ian likes this.
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