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Oriole Corporation issued 1,200 $1,000 bonds at 103. Each bond was issued with one detachable...

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Accounting

Oriole Corporation issued 1,200 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 97. The market price of the warrants without the bonds cannot be determined. Use the incremental method to record the issuance of the bonds and warrants.

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