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Barker Industries Issued $5,000,000 of Bonds at 104

question 26

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Barker Industries issued $5,000,000 of bonds at 104.Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Barker's common stock for $50.Immediately after the issue,the warrants were selling for $4 each and the bonds without the warrants were selling for $1,010.How much will be credited to Paid-in Capital-Stock Warrants?


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