Can you help explain the computations on this problem: E. Corp issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrent. After issuance, the bonds were selling in the market at 98, and the warrents had a market price of $40. Use the proportional method to record the issuance of bonds and warrents. Thanks,
Can you help explain the computations on this problem: E. Corp issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrent. After issuance, the bonds were selling in the market at 98, and the warrents had a market price of $40. Use the proportional method to record the issuance of bonds and warrents. Thanks,
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 9EB: Roo Incorporated issued 50 bonds with a face value of $1,000 and a stated rate of 6% when the market...
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Can you help explain the computations on this problem:
E. Corp issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrent. After issuance, the bonds were selling in the market at 98, and the warrents had a market price of $40. Use the proportional method to record the issuance of bonds and warrents.
Thanks,
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