Question: On May 1 , 2 0 2 3 , Flint Ltd . issued $ 5 2 0 0 0 0 , 1 0 year, 7
On May Flint Ltd issued $ year, bonds at Twenty detachable warrants were attached to each $ bond, which entitled the holder to purchase one of Flint's no par value common shares for $ At this time, similar bonds without warrants were selling at It was determined that the fair value of Flint's common shares was $ but the value of the warrants was NOT determinable. Flint is a private corporation that follows ASPE, but does NOT use the residual method. On May Flint should credit Contributed Surplus Stock Warrants for: $ $ $ $
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