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no idea with this Brief Exercise 16-12 Sunland Capital Ltd. issued 540 $1,000 bonds at 101. Each bond was issued with 10 detachable stock warrants.

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Brief Exercise 16-12 Sunland Capital Ltd. issued 540 $1,000 bonds at 101. Each bond was issued with 10 detachable stock warrants. After issuance, similar bonds were sold at 98, and the warrants had a fair value of $2.70. Record the issuance of the bonds and warrants assuming that Sunland Capital follows IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Cash Bonds Payable Contributed Surplus - Stoc SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT (i) Assuming that Sunland Capital follows ASPE (residual value method), record the issuance of the bonds and warrants assuming that the debt is the more easily measurable component. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Cash Bonds Payable Contributed Surplus - Stoc(ii) Assuming that Sunland Capital follows ASPE (residual value method), record the issuance of the bonds and warrants assuming that the equity is the more easily measurable component. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Cash Bonds Payable

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