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Barker Industries issued $5,000,000 of bonds at $101. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Barker's
Barker Industries issued $5,000,000 of bonds at $101. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Barker's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $1,010. How much will be credited to Paid-in CapitalStock Warrants?
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