Question
Lang Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. The sum of the fair value of the
Lang Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. The sum of the fair value of the warrants and the face amount of the bonds exceeds the cash proceeds. This excess is reported as
| Discount on Bonds Payable. | ||
| Premium on Bonds Payable. | ||
| Common Stock Subscribed. | ||
| Paid-in Capital in Excess of ParStock Warrants. |
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3 1/2 IRS Audit Red Flags That Trigger 99% Of All IRS Audits Tax Houdini How To Cut Taxes Without Provoking An Audit
Authors: Dean Q Wynn, Sam L Milledge, Altaf Adam, Samuell L Milledge II, Eric T McFerren
1st Edition
1985081199, 978-1985081192
