Question: The following information is the same as the previous question. A Company issued a bond payable with detachable warrants on the interest payment date

The following information is the same as the previous question. A Company

The following information is the same as the previous question. A Company issued a bond payable with detachable warrants on the interest payment date as follows. Bond payable ($1,000 par value; 400 bonds) d Coupon rate Bond issue price Fair value of the bonds after issuance Term Number of detachable warrants per bond Fair value of the warrants after issuance Stock purchase price Warrants exercised 1 warrant 1 share of $1 par value stock $400,000 4.70% $414,000 $390,000 10 years 50 $2.00 $15.00 5,000 What is the credit to additional paid in capital at the time the warrants are exercised on June 30, 20X1? Numeric Response 79628 2% < Prev 46 of 46 Next >

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