Question: Question completion Statuse Question 4 1.25 points On December 31, 2018, Fahad Co has 2,000,000 of short-term notes payable due on February 28, 2019 On
Question completion Statuse Question 4 1.25 points On December 31, 2018, Fahad Co has 2,000,000 of short-term notes payable due on February 28, 2019 On December 23, 2018, Fahad reached an agreement to borrow up to 1,750,000 for three years. On February 2, 2019, Fahad borrowed 1,250 000 from Ahli Bank and used 250,000 additional cash to liquidate 1,500,000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2018 statement of financial position which is issued on March 15, 2016 is O A $250,000 B. $2,000,000 c $0. D.$500,000
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