Business, 12.04.2021 23:50 live4dramaoy0yf9

Tim Howard Gloves issued 7.25% bonds with a face amount of $34 million, together with 24 million shares of its $1 par common stock, for a combined cash amount of $64 million. The fair value of Howard's stock cannot be determined. The bonds would have sold for $28 million if issued separately. For this transaction, Howard should record paid-in capital—excess of par in the amount of:

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Tim Howard Gloves issued 7.25% bonds with a face amount of $34 million, together with 24 million sha...