Multiple Choice Question 104 Bramble Corp, has $2670000 of short-term debt it expects to retire wilth proceeds from the sale of 46000 shares of common stock. If the stock is sold for $35 per share subsequent to the balance sheet date, but before the balance sheet is issued, what amounit of shart-term debt could be excluded from current liabilities? o so $2670000 O $ 1060000 $ 1610000 Click if you would like to Show Work for this question: Seen Show Wk Question Altempts: 0 of 1 used SAVE FOR LATER acer TUESDAY WEDN SDAY THURSDAY FR Multiple Choice Question 114 Crane Shoes Foot Inc. is involved in litigation regarding a faulty preduct sold in a prior year. The company has consulted with its attorney and determined that it is possi that they may lose the case. The attorneys estimated that there is a 45% chance of losing. If this is the case, their attorney estimated that the amount of any payment would be $804000. what is the required journal entry as a result of this litigation? ONo journal entry s reired O Debit Litigation Expense for $ 442200 and aredit Litigation Liability for $ 442200 Debit Litigation Expense for $ 804000 and credit Libigation liability for $ 804000 361 800 and aedt Litigation ublity for $ 361800. O Debit Utigation Expense for Click if you would like to Show Work for this qwestion: Qoen Show War Question Atempts: o of I usedA FOR LAA SUBNEST ANDWR Police 1213a acer THURSDA WEDNI SDAY TUESDAY