2. Sydney Company issued 250 $1,000 bonds at 98. Each bond was issued with four detachable stock...
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Question:
2. Sydney Company issued 250 $1,000 bonds at 98. Each bond was issued with four detachable stock warrants. Shortly after issuance, the bonds were selling at 94, and the warrants were selling for $40 each. Instructions:
Prepare the entry to record the issuance of the bonds and warrants. Compute the answer for each of the problems. Show supporting computation.
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