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 bo the investor to purchase one share of common stock for $35. On that date, the market value of th warrant was $4. Big Brands should record what amount of the proceeds from the bond issue as at
Multiple Choice
$510.000
$500000
$630,000
$0
Brest
7 of 10
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 On March 1,2024. Big Brands Corporation issued $600,000 of 10% bonds

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