On May 1, 2015, Barkley Company issued 3,000 1,000 bonds at 102. Each bond was issued with

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On May 1, 2015, Barkley Company issued 3,000 €1,000 bonds at 102. Each bond was issued with one detachable share warrant. The fair value of the bonds on May 1, 2015, was €2,940,000.

Instructions

(a) Prepare the entry to record the issuance of the bonds and warrants.

(b) Assume the same facts as part (a), except that the warrants had an estimated fair value of €20.

Prepare the entry to record the issuance of the bonds and warrants.

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Related Book For answer-question

Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Mar 23, 2024 08:01 AM

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On May 1, 2015, Barkley Company issued 3,000 1,000 bonds at 102. Each bond was issued with

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Intermediate Accounting IFRS Edition

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