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What amount of debt is classified as current liabilities

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Question - H&M Inc. has $5,000,000 of short-term debt that is due within the next year. It intends to retire the debt using proceeds from the sale of 250,000 shares of common stock with the rest to be paid using cash. Stock is sold for 13$ per share subsequently to the balance sheet date, but before the sheet is issued. What amount of debt is classified as current liabilities?

Reference no: EM133188892

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