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Barker Industries issued 8,000 $1,000 bonds at 104. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Barker's
Barker Industries issued 8,000 $1,000 bonds at 104. 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 $986. How much will be credited to Additional Paid - in Capital - Stock Warrants? (Round intermediate calculations to four decimal places and your final answer to the nearest dollar. Use the proportional method. O A. $624,391 OB. $320,000 O C. $640,000 OD. $0
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