Question
Hall & Company issues $15,000,000 in 6% bonds with detachable warrants of 10 warrants for each $1,000 bond. The bonds are issued at 100. Record
Hall & Company issues $15,000,000 in 6% bonds with detachable warrants of 10 warrants for each $1,000 bond. The bonds are issued at 100. Record the issuance under the following assumptions: Assume that the fair value of the warrants are $6.00 or $900,000 and the bonds would have been issued at 98.
Prepare the journal entry to record the issuance.
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Internal Control Audit And Compliance Documentation And Testing Under The New COSO Framework
Authors: Graham
1st Edition
1118996216, 978-1118996218
