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Stock Warrants E 15.9. On May 1, 2025, Friendly Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant.
Stock Warrants E 15.9. On May 1, 2025, Friendly Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98 , but the fair value of the warrants cannot be determined. a. Prepare the entry to record the issuance of the bonds and warrants. Stock Warrants E 15.9. b. Assume the same facts as part (a), except that the warrants had a fair value of $30. Prepare the entry to record the issuance
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