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What amount of short-term debt could be excluded

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Question - Bonita Industries has $2950000 of short-term debt it expects to retire with proceeds from the sale of 82000 shares of common stock. If the stock is sold for $25 per share subsequent to the balance sheet date, but before the balance sheet is issued, what amount of short-term debt could be excluded from current liabilities?

$2950000

$900000

$0

$2050000

Reference no: EM132251859

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