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Delray Technology is considering these two alternatives to finance its construction of a new $2 million plant:

(a) Issuance of 200,000 shares of common stock at the market price of $10 per share.

(b) Issuance of $2 million, 8% bonds at face value.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9403766

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