Clear select Ermler Corporation has P1,800,000 of short-term debt it expects to retire with proceeds from the sale of 60,000 ordinary shares. If the shares are sold for P20 per share subsequent to the...

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Extracted text: Clear select Ermler Corporation has P1,800,000 of short-term debt it expects to retire with proceeds from the sale of 60,000 ordinary shares. If the shares are sold for P20 per share subsequent to the statement of financial position date, but before the statement of financial position is issued, whatmount of short-term debt could ex from current liabilities? P1,200,000 O P1,800,000 O P600,000 W 四P B.