Question
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
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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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
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