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A Corporation Issues Bonds with Detachable Warrants

Question 32

Multiple Choice

A corporation issues bonds with detachable warrants.The amount to be recorded as share premium is preferably


A) zero.
B) calculated as the excess of the proceeds over the face value of the bonds.
C) equal to the market value of the warrants.
D) calculated as the excess of the proceeds over the fair value of the bonds.

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