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Question 2 1.25 points Save Answer On December 31, 2018, Fahad Co. has 2,000,000 of short-term notes payable due on February 28, 2019. On December
Question 2 1.25 points Save Answer On December 31, 2018, Fahad Co. has 2,000,000 of short-term notes payable due on February 28, 2019. On December 23, 2018, Fahad reached an agreement to borrow up to 1,750,000 for three years. On February 2, 2019, Fahad borrowed 1,250,000 from Ahli Bank and used 250,000 additional cash to liquidate 1,500,000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2018 statement of financial position which is issued on March 15, 2016 is O A $500,000 OB. $2,000,000 c. $0. D. $250,000 Question 2 of 4 Moving to another question will save this response. B 0 O
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