Martin,Inc.is preparing its financial statements for December 31,2016.Martin has a $2,000,000 short-term note that is due in June,2017.Due to an existing long-term line of credit for $1,500,.000,the company will report how much short-term liability?

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The existing long-term line of credit for $1,500,000 means that Martin, Inc. has access to funds that can be used to pay off the $2,000,000 short-term note due in June 2017. Therefore, only $500,000 of the $2,000,000 short-term note will be reported as a short-term liability on the company's financial statements.