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Sheridan Company has 3000 of short term debitis expects to retire with proceeds from these of 7000 shares of common stock. There is no contractual

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Sheridan Company has 3000 of short term debitis expects to retire with proceeds from these of 7000 shares of common stock. There is no contractual agreement to retire the debt with the stock sale proceeds 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 abilities? t to retire the debt with work proceeds 50. No contra 52173000 S3030000 SOS

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