Martin,Inc

question 70

Multiple Choice

Martin,Inc.is preparing its financial statements for December 31,2016.Martin has a $2,000,000 short-term note that is due in June,2017.Due to an existing long-term line of credit for $1,500,.000,the company will report how much short-term liability?

• A)$0
• B)$500,000
• C)$1,000,000
• D)$1,500,000

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Definitions:

Proposition

An offered or suggested plan or idea for consideration or action.

Hypothetical Proposition

A statement or proposition that is based on hypothesis rather than fact, typically used to explore potential outcomes.

Consequent

The outcome or result following a condition in a conditional statement in logic.

Standard Form

A recognized format for structuring arguments, mathematical equations, or documents according to established norms.