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On May 31, 2006, Combinor Corporation Issued $4,000,000 Face Amount

Question 20

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On May 31, 2006, Combinor Corporation issued $4,000,000 face amount of 20-year, 16% bonds to yield 20%, interest payable each May 31 and November 30, for all the net assets of Combinee Company. Also on May 31, 2006, Combinor paid the following out-of-pocket costs in connection with the combination:
On May 31, 2006, Combinor Corporation issued $4,000,000 face amount of 20-year, 16% bonds to yield 20%, interest payable each May 31 and November 30, for all the net assets of Combinee Company. Also on May 31, 2006, Combinor paid the following out-of-pocket costs in connection with the combination: The separate balance sheet of Combinee on May 31, 2006, prior to the business combination included the following: Prepare journal entries for Combinor Corporation on May 31, 2006, to record the business combination with Combinee Company. Appropriate present value factors are as follows: The separate balance sheet of Combinee on May 31, 2006, prior to the business combination included the following:
On May 31, 2006, Combinor Corporation issued $4,000,000 face amount of 20-year, 16% bonds to yield 20%, interest payable each May 31 and November 30, for all the net assets of Combinee Company. Also on May 31, 2006, Combinor paid the following out-of-pocket costs in connection with the combination: The separate balance sheet of Combinee on May 31, 2006, prior to the business combination included the following: Prepare journal entries for Combinor Corporation on May 31, 2006, to record the business combination with Combinee Company. Appropriate present value factors are as follows: Prepare journal entries for Combinor Corporation on May 31, 2006, to record the business combination with Combinee Company. Appropriate present value factors are as follows:
On May 31, 2006, Combinor Corporation issued $4,000,000 face amount of 20-year, 16% bonds to yield 20%, interest payable each May 31 and November 30, for all the net assets of Combinee Company. Also on May 31, 2006, Combinor paid the following out-of-pocket costs in connection with the combination: The separate balance sheet of Combinee on May 31, 2006, prior to the business combination included the following: Prepare journal entries for Combinor Corporation on May 31, 2006, to record the business combination with Combinee Company. Appropriate present value factors are as follows:

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