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Prepare the necessary entry if the holder exercises this


A corporation has the following T-account relating to outstanding stock warrants:

Paid-in Capital-Stock Warrants

10,000

These warrants enable the holder to purchase 100 shares of $90 par common stock at $110. Prepare the necessary entry if:

(a) The holder exercises this option.

(b) The holder allows the option to expire.

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Accounting Basics: Prepare the necessary entry if the holder exercises this
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