Question: CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Question 14 On March 1, 2018, Coronado Industries issued $2100000 of 8% nonconvertible bonds at 104, which are
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Question 14 On March 1, 2018, Coronado Industries issued $2100000 of 8% nonconvertible bonds at 104, which are due on February 28, 2038. In addition, each $1000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase for $50 one share of Coronado common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2018, the fair value of Coronado's common stock was $40 per share and the fair value of the warrants was $2.00. What amount should Coronado record on March 1, 2018 as pald-in capital from stock warrants? $109200 $78800 $90400 $105000 LINK TO TEXT
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