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Bond [772]
3 years ago
10

Hoffman corporation issued $75 million of 7%, 15-year bonds at 104. each of the 75,000 bonds was issued with 15 detachable stock

warrants, each of which entitled the bondholder to purchase, for $30, one share of $1 par common stock. at the time of sale, the market value of the common stock was $35 per share and the market value of each warrant was $8.

Business
1 answer:
Lana71 [14]3 years ago
6 0

Answer:

Dr. Cash 78.0

Dr. Discount on Bonds Payable 6.0

     Cr. Bonds Payable

     Cr. Equity-Stock Warrants

Explanation:

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True

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Blizzard [7]

Money supply is the total amount of money in circulation which includes coins, cash and balance in savings account in a country at a period of time.

  • Given a fixed supply of money and a downward sloping aggregate demand curve, an increase in money demand will <u>not change</u> the price paid for its use, otherwise known as the <u>discount rate.</u>

  • A change the money supply in a country causes a change in aggregate demand.

  • An increase in the money supply causes increase in aggregate demand and a decrease in the money supply causes decrease in aggregate demand.

Therefore, an increase in money demand will not change the price paid for its use, otherwise known as the discount rate.

Read more:

brainly.com/question/12225192

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