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Business, 25.01.2021 20:50 ariannapenny98

Hoffman Corporation issued $80 million of 7%, 10-year bonds at 104. Each of the 80,000 bonds was issued with 11 detachable stock warrants, each of which entitled the bondholder to purchase, for $22, one share of $1 par common stock. At the time of sale, the market value of the common stock was $27 per share and the market value of each warrant was $5. Prepare the journal entry to record the issuance of the bonds. (En

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Hoffman Corporation issued $80 million of 7%, 10-year bonds at 104. Each of the 80,000 bonds was iss...
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