Exhibit 14-13 Yoho Corp issued $500,000 of its ten-year 6% bonds at 104. Each $1,000 bond carries ten warrants. Each warrant allows the holder to purchase one share of $10 par common stock for $50. Following the sale, relevant market values were: Bonds $980 (ex rights) Warrants $14 each Common stock $60 each ? Refer to Exhibit 14-13. The entry to record the sale of the bonds would include a
A) debit to Discount on Bonds Payable for $10,000.
B) credit to Bonds Payable for $490,000.
C) debit to Cash for $560,000.
D) credit to Common Stock Warrants for $65,000.
D
You might also like to view...
This logical fallacy exaggerates the consequences of a speci?c action. This logical fallacy exaggerates the consequences of a speci?c action
A) either/or thinking B) faulty causation C) slippery slope D) hasty generalization
What was the book value of the ship for Paulson Transport at the end of the useful life?
a. $ -0- b. $ 50,000 c. $214,400 d. Need more information to determine this answer.
A company that sells beef sandwiches across the country makes the sandwich with green chilies and jalapenos in the Southwestern states, but makes it with green peppers in the Northeastern states. This is an example of a(n) ________ targeting strategy.
Fill in the blank(s) with the appropriate word(s).
Which article of the Uniform Commercial Code (UCC) governs secured transactions in personal property?
A. Article 8 B. Article 9 C. Article 18 D. Article 19