ABC Corporation issued 2,000 shares $1,000 bonds at 109. Each bond was issued with one detachable...
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ABC Corporation issued 2,000 shares $1,000 bonds at 109. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 104, and the warrants had a market price of $40. Use the proportional method to record the issuance of the bonds and warrants. ABC Corporation issued 2,000 shares $1,000 bonds at 109. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 104, and the warrants had a market price of $40. Use the proportional method to record the issuance of the bonds and warrants.
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Solution Issue price 2180COO 2000 X 100o 109 Maeket ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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