Question: On March 1 , 2 0 2 4 , Big Brands Corporation issued $ 6 0 0 , 0 0 0 of 1 0 %

On March 1,2024, Big Brands Corporation issued $600,000 of 10% bonds at 105. Each $1,000 bond was sold with 50 detachable stock warrants, each permitting the investor to purchase one share of common stock for $35. On that date, the market value of the common stock was $30 per share and the market value of each warrant was $4. Big Brands should record what amount of the proceeds from the bond issue as an increase in liabilities?

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