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Can someone help me with this question please? it says the answer is $104,000 but I don't know how? show your answer please and thanks
Can someone help me with this question please? it says the answer is $104,000 but I don't know how? show your answer please and thanks in advance!
19. On March 1, 2018, Ruiz Corporation issued $2,000,000 of 8% nonconvertible bonds at 104, which are due on February 28, 2038. 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, 2018, 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, 2018 as paid- in capital from stock warrants? $73,600 $85,200 $104.000 $100.000Step by Step Solution
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