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When exercising detachable warrants issued with bonds, the firm removes the Additional Paid-in Capital-Stock Warrants account, debits Cash, credits Common Stock for the par value,

When exercising detachable warrants issued with bonds, the firm removes the Additional Paid-in Capital-Stock Warrants account, debits Cash, credits Common Stock for the par value, and credits the remainder to Additional Paid-in Capital in Excess of Par

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