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Coronado Industries has $ 2960000 of short-term debt it expects to retire with proceeds from the sale of 81000 shares of common stock. If the
Coronado Industries has $2960000 of short-term debt it expects to retire with proceeds from the sale of 81000 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?
$2025000
$2960000
$935000
$0
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