On December 31,2023, Sheffield Ltd. has $3144000 in short-term notes payable due on February 14,2024....
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On December Sheffield Ltd has $ in shortterm notes payable due on February On January Sheffield arranged a line of credit with Caldi Bank, which allows Sheffield to borrow up to $ at above the prime rate for three years. On February Sheffield borrowed $ from Caldi Bank and used $ additional cash to liquidate $ of the shortterm notes payable. Assuming Sheffield adheres to IFRS, the amount of the shortterm notes payable that should be reported as current liabilities on Sheffield's December statement of financial position to be issued on March is $ $ $ $ 
On December Sheffield Ltd has $ in shortterm notes payable due on February On January Sheffield arranged a line of credit with Caldi Bank, which allows Sheffield to borrow up to $ at above the prime rate for three years. On February Sheffield borrowed $ from Caldi Bank and used $ additional cash to liquidate $ of the shortterm notes payable. Assuming Sheffield adheres to IFRS, the amount of the shortterm notes payable that should be reported as current liabilities on Sheffield's December statement of financial position to be issued on March is
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