1800000 short term debt retire with proceeds from sale of, Ask an Expert

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1,800,000 short term debt retire with proceeds from sale of 60000 share of common stock. If stock sells at 20 per share subsequance of balance sheet date but before balance sheet issue, what amount of short term debt coulb be excluded from current liabilites.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M988702

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