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Business, 19.02.2021 01:00 mmm5398

On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 20 shares of Jones' common stock. On December 1, 2018, the market value of the bonds, without the stock warrants, was 90, and the market value of each stock purchase warrant was $10. The initial carrying value of the bonds payable would be:

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On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%, $1,000 bonds. Attached to...
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