Ermler Corporation Has $1,800,000 of Short-Term Debt It Expects to Retire

Multiple Choice

Ermler Corporation has $1,800,000 of short-term debt it expects to retire with proceeds from the sale of 60,000 ordinary shares.If the shares are sold for $20 per share subsequent to the statement of financial position date, but before the statement of financial position is issued, what amount of short-term debt could be excluded from current liabilities?

A) $1,200,000
B) $1,800,000
C) $600,000
D) $0