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Question - On May 1, 2008 Friendly Company issued a 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 market value of the warrants cannot be determined.
a. Prepare the entry to record the issuance of the bonds and warrants
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 of bonds and warrants.
You started a new business one year ago. You've been very busy dealing with so many problems that you haven't had time to sit down and look at whether you made a profit or not.
he final paper will be based on appendix 6c illustrative audit case keystone computers at pages 237-244 in your text.
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