On December 31, 2020, Green Inc. issued of its 8%, 10-year, P1,000 face value bonds with detachable stock warrants for P1,200,000. Each bond carried a detachable warrant for one share of Green's ordinary share at a specified option price of P25 per share. Immediately after issuance, the market price of the bonda without the warrants was P1,080,000. In its December 31, 2020 statement of financial position, what amount should Green report as equity reserve?
On December 31, 2020, Green Inc. issued of its 8%, 10-year, P1,000 face value bonds with detachable stock warrants for P1,200,000. Each bond carried a detachable warrant for one share of Green's ordinary share at a specified option price of P25 per share. Immediately after issuance, the market price of the bonda without the warrants was P1,080,000. In its December 31, 2020 statement of financial position, what amount should Green report as equity reserve?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31, 2020, Green Inc. issued of its 8%, 10-year, P1,000 face
In its December 31, 2020
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