WD-40 Company, the manufacturer and marketer of WD-40® lubricant, reported the following information about its long-term debt in the notes to a recent financial statement:a. How much of the notes payable was disclosed as a current liability on the August 31, 2005, balance sheet?b. How much did the total current liabilities change between 2004 and 2005 as a result of the current portion of long-term debt?c. If WD-40 did not issue additional notes payable during 2006, what would be the total notes payable on August 31,2006?
WD 40 Company the manufacturer and marketer of WD 40 lubricant