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Record the issuance of bonds and warrants

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Question - Mickey Corp. issued 3,000 $1000 bonds at 105. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $40. Use the proportionate method to record the issuance of bonds and warrants.

Reference no: EM131810833

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