Among the short-term obligations of Robinson Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Seguin National Bank. These are 90-day notes, renewable for another 90-day period. These notes should be classified on the balance sheet of Robinson Company as current liabilities. deferred charges. a. b. C. long-term liabilities. d. intermediate debt. Rice Corp. had 600,000 shares of common stock outstanding on January 1, issued an additional 900,000 shares on July 1, and had income available to common stock of $1,470,000 for the year ending December 31. Basic earnings per share of common stock for the year would be $2.45. a. b. $1.16. C. $1.40. d. $1.64.