Question
On January 1, 2020, AAA Co. issued 3-year, 10%, 1,000, P4,000 bonds at 97. Each bond has one detachable share warrant entitling the holder to
On January 1, 2020, AAA Co. issued 3-year, 10%, 1,000, P4,000 bonds at 97. Each bond has one detachable share warrant entitling the holder to buy 10 shares of AAA with par value of P400 at P480 per share. Shortly after issuance, the bonds are selling at 95 ex-warrants.
Assuming half of the warrants were exercised on September 21, 2020, the net credit to share premium account is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Night Comes To The Cumberlands A Biography Of A Depressed Area
Authors: Harry M. Caudill
1st Edition
1334682070, 978-1334682070
