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Van Rushing Hunting Goods fiscal year ends on December 31. At the end of the...

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Accounting

Van Rushing Hunting Goods fiscal year ends on December 31. At the end of the 2024 fiscal year, the company had notes payable of $4.2 million due on February 8, 2025. Rushing sold 3.0 million shares of its $0.25 par, common stock on February 3, 2025, for $3.0 million. The proceeds from that sale along with $1.2 million from the maturation of some 3-month CDs were used to pay the notes payable on February 8. Through his attorney, one

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