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Please show all calculations for the numbers used (1.2) Lump Sum Issuance: Burnquist Corp. issued 4,000, $1,000 face value bonds at 102. Each bond was
Please show all calculations for the numbers used
(1.2) Lump Sum Issuance: Burnquist Corp. issued 4,000, $1,000 face value bonds at 102. Each bond was issued with two detachable stock warrants. After issuance the bonds were selling in the market at 97 and the warrants had a fair market value of $25. Prepare the journal entry for the issuance of these securitiesStep by Step Solution
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