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Tutorial 18461

Eisler 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...

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Question:

Eisler 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 98, and the warrants had a market price of $40.

Required:

Use the proportional method to record the issuance of the bonds and warrants. 

ATTACHMENTS
question_3.xlsx