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. After a total of 4,000 warrants were exercised, the remaining
warrants expired. The entry to record the expiration of the warrants would include a credit to Additional Paid-in Capital from Expired Warrants for
A) $26,000.
B) $13,000.
C) $52,000.
D) $65,000.
B
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