This summary of Long-term liabilities is from the Balance Sheet (page 4). The Notes to
Financial Statements (pages 24-25) provide a summary of the Long-term debt 2020 Balance
Sheet entry. Using this information and text information on bonds, develop a summary of
the Long-term debt status of MGH. Focus only on the Long-term debt, less current portion
amount – $56,557,526. Dont be concerned about Operating leases.
Outline Long-term Debt Summary
This written summary will support completing the Adopt-a-Hospital Debt Management
Assignment.
To develop this written summary, answer the following questions:
A. What specific debt mechanism comprise MGHs Long-term debt financing?
(Feel free to use bullet point entries from the Notes to Financial Statements that describe
the debt elements)
B. Identify the primary features of long-term debt securities?
C. What is the primary motivation for investing in municipal/hospital bonds?
D. What is a serial issue, and why is it used?
Formatting. Use each question as a topic header for your paper. Single space your written
answer to each questions. Bullet points may be used as part of your answers.
