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A company issues convertible bonds with face value of $5,000,000 and receives proceeds of $6,500,000. The underwriter estimated the market value of the bonds alone,
A company issues convertible bonds with face value of $5,000,000 and receives proceeds of $6,500,000. The underwriter estimated the market value of the bonds alone, excluding the conversion rights, to be approximately $6,300,000. what is the value we would record the bonds at issuance (ie. initial measurement). Enter a number only. Do not use commas, decimals, +/- or $
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
