Multiple Choice Question 51

On December 1, 2018, Vaughn Manufacturing issued at 102, 690 of its 7%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 shares of Vaughn's common stock. On December 1, 2018, the market value of the bonds, without the stock warrants, was 95, and the market value of each stock purchase warrant was $50. The amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable would be

$661572.

$690000.

$668610.

$703800.

Multiple Choice Question 99

On January 1, 2018, Crane Company had 383000 shares of its $2 par value common stock outstanding. On March 1, Crane sold an additional 759000 shares on the open market at $20 per share. Crane issued a 20% stock dividend on May 1. On August 1, Crane purchased 422000 shares and immediately retired the stock. On November 1, 603000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? (Rounded to the nearest dollar.)

728301

1551400

528301

1143267