College Accounting, Chapters 1-9 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-9 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666184
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 23, Problem 7CE
To determine

Describe how the given event is reported on a statement of cash flows.

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Q.no. 45-FINANCIAL ACCOUNTING: On March 1, 2016, E Corp. issued $2,700,000 of 15% nonconvertible bonds at 105, due on February 28, 2026. Each $2,500 bond was issued with 47 detachable stock warrants, each of which entitled the holder to purchase, for $65, one share of Evan's $40 par common stock. On March 1, 2016, the market price of each warrant was $8. By what amount should the bond issue proceeds increase shareholders' equity? Help
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College Accounting, Chapters 1-9 (New in Accounting from Heintz and Parry)

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