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During 2024, Warriors Corporation issued at 95, one thousand of its 8%, P5,000 bonds due in ten years. One detachable share warrants entitling the holder
During 2024, Warriors Corporation issued at 95, one thousand of its 8%, P5,000 bonds due in ten years. One detachable share warrants entitling the holder to buy 20 shares of Warriors ordinary shares was attached to each bond. Shortly after issuance, the bonds are selling at 10% ex-warrants, and each warrants was quoted at P60. What amount, if any, of the proceeds from the bond issuance should be recorded as part of Warriors Shareholders equity? (PVF 4 Decimal)
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