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A. Hall & Company issues $2,000,000 in 6% bonds with detachable warrants of 20 warrants for each $1,000 bond. The bonds are issued at 102.
A. Hall & Company issues $2,000,000 in 6% bonds with detachable warrants of 20 warrants for each $1,000 bond. The bonds are issued at 102. Record the issuance under the following assumptions: Assume that the fair value of the warrants are $4.00 or $80,000 and the bonds would have been issued at 99. 2
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