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Question3. Proportional method to allocate bundled security issuance (16points) Margolf Corp. issued 3,000, $1,000 bonds at 99. Each bond was issued with three detachable stock
Question3. Proportional method to allocate bundled security issuance (16points) Margolf Corp. issued 3,000, $1,000 bonds at 99. Each bond was issued with three detachable stock warrants. After issuance, 0 the bonds were selling in the market at 96.90 0 and the warrant each had a market value of $17. Use the proportional method to record the issuance of the bonds and warrants (Show your work and journal entry)
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