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What oriole should record the bonds with a

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On May 1, 2021, Oriole Company issued $1530000 of 8% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Oriole's common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2021, the fair value of Oriole's common stock was $35 per share and of the warrants was $2.

Problem 1: On May 1, 2021, Oriole should record the bonds with a

Option 1: premium of $45900.
Option 2: discount of $15300.
Option 3: discount of $61200.
Option 4: discount of $31824.

Reference no: EM132946231

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