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Business, 23.03.2020 16:32 micheleflorack

Pharoah 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 99, and the warrants had a market price of $48.
1. Use the proportional method to record the issuance of the bonds and warrants.

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

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