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Business, 13.07.2020 21:01 larey

On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2021. On January 21, 2021, the company issued 25,000 shares of its common stock for $38 per share, receiving $950,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by

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On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payabl...

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