Business, 27.01.2020 21:31 30valgolden

Jt engineering has $960,000 of short-term debt. jt issues 10,000 shares of common stock prior to the issuance of the financial statements. jt’s net proceeds from the sale are $900,000. if jt uses all of the proceeds to liquidate its short-term debt after the balance sheet date, how much of the debt can be excluded from current liabilities?

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Jt engineering has $960,000 of short-term debt. jt issues 10,000 shares of common stock prior to the...