Business, 11.03.2020 02:57 july00

Blossom Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 97, and the warrants had a market price of $33. Use the proportional method to record the issuance of the bonds and warrants.

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Blossom Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock...