n December 31, 2011 Balance Sheet, what is the carrying amount of Bonds payable? b. What is the fair value for warrants?
n December 31, 2011 Balance Sheet, what is the carrying amount of Bonds payable? b. What is the fair value for warrants?
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter7: Financial Activities
Section: Chapter Questions
Problem 11QE
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Question
On December 31, 2011, Fort Co issued 5,000 of its 8%, 10-year P1,000 face
Immediately after issuance, the market value of the bonds without the warrants was 5,400,000.
a. In December 31, 2011
b. What is the fair value for warrants?
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