For each of the unrelated transactions described below, present the entries required to record each...
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For each of the unrelated transactions described below, present the entries required to record each transaction. Blossom Corp. issued $ par value convertible bonds at If the bonds had not been convertible, the companys investment banker estimates they would have been sold at Blue Company issued $ par value bonds at One detachable stock purchase warrant was issued with each $ par value bond. At the time of issuance, the warrants were selling for $ Suppose Sepracor, Inc. called its convertible debt in Assume the following related to the transaction. The $ par value bonds were converted into shares of $ par value common stock on July On July there was $ of unamortized discount applicable to the bonds, and the company paid an additional $ to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.
For each of the unrelated transactions described below, present the entries required to record each transaction.
Blossom Corp. issued $ par value convertible bonds at If the bonds had not been convertible, the companys investment banker estimates they would have been sold at
Blue Company issued $ par value bonds at One detachable stock purchase warrant was issued with each $ par value bond. At the time of issuance, the warrants were selling for $
Suppose Sepracor, Inc. called its convertible debt in Assume the following related to the transaction. The $ par value bonds were converted into shares of $ par value common stock on July On July there was $ of unamortized discount applicable to the bonds, and the company paid an additional $ to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.
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