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b. c. d. e. $1,170,000. $2,250,000. $2,520,000. None of the above answers is correct. The correct answer is $ On March 1, 2021, Ruiz Corporation
b. c. d. e. $1,170,000. $2,250,000. $2,520,000. None of the above answers is correct. The correct answer is $ On March 1, 2021, Ruiz Corporation issued $2,000,000 of 8% nonconvertible bonds at 104, which are due on February 28, 2041. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase for $50 one share of Ruiz common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2021, the fair value of Ruiz's common stock was $40 per share and the fair value of the warrants was $2.00. What amount should Ruiz record on March 1, 2021 as paid-in capital from stock warrants? a. $73,600 b. $85,200 $108,000 d. $104,000 None of the above answers is correct. The correct answer is $ C. e
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