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Martin, Inc. is preparing its financial statements for December 31, 2018. Martin has a $2,900,000 short-term note that is due in June, 2019. Martin has
Martin, Inc. is preparing its financial statements for December 31, 2018. Martin has a $2,900,000 short-term note that is due in June, 2019. Martin has an existing long-term credit line of $1,500,000, which will be used to remove part of the short-term debt. Due to the existing long-term credit, the company will report how much short-term liability?
A. $1,400,000
B. $2,900,000
C. $1,500,000
D. $0
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