Hoffman corporation issued 60 million of 5 20-year bonds at
1. Hoffman Corporation issued $60 million of 5%, 20-year bonds at 102. Each of the 60,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds.
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1 on january 1 a company purchased 3 20-year corporate bonds for 69033776 as an investment the bonds have a face amount
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1 hoffman corporation issued 60 million of 5 20-year bonds at 102 each of the 60000 bonds was convertible into one
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