Question: View Policies Current Attempt in Progress On May 1, 2021, Sheridan Company issued $1580000 of 7% bonds at 104, which are due on April

View Policies Current Attempt in Progress On May 1, 2021, Sheridan Company

View Policies Current Attempt in Progress On May 1, 2021, Sheridan Company issued $1580000 of 7% bonds at 104, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Sheridan's common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 95. On May 1, 2021, the fair value of Sheridan's common stock was $35 per share and of the warrants was $2. On May 1, 2021, Sheridan should credit Paid-in Capital from Stock Warrants for $109592. $62192. $63200. $66392.

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