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Business, 29.08.2020 22:01 naomi20044

Wyatt Industries intends to retire $2,500,000 in short-term debt using proceeds from the sale of 85,000 shares of common stock. The stock sells for $20 per share. How much of its short-term debt can Wyatt exclude from current liabilities if the stock sale took place after the balance sheet date but before short-term debt is due or the balance sheet is issued

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