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Business, 01.04.2020 21:44 kernlife

On march 1, 2018, big brands corporation issued $600,000 of 10% bonds at 105. each $1,000 bond was sold with 50 detachable stock warrants, each permitting the investor to purchase one share of common stock for $35. on that date, the market value of the common stock was $30 per share and the market value of each warrant was $4. big brands should record what amount of the proceeds from the bond issue as an increase in liabilities?

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On march 1, 2018, big brands corporation issued $600,000 of 10% bonds at 105. each $1,000 bond was s...
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