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On March 1, 2022. Ruiz Corporation issued $1,500,000 of 8% nonconvertibio bonds at 104, which are due on February 28, 2042. In addition, each
On March 1, 2022. Ruiz Corporation issued $1,500,000 of 8% nonconvertibio bonds at 104, which are due on February 28, 2042. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one share of Ruiz common stock, par value $25 The bonds without the warrants would normally sell at 06. On March 1, 2022 the fair value of Ruta common stock was $40 per share and the fair value of the warrants was $2.00. What amount should Ruiz record on March 1, 2022 as Paid-in Capital from Stock Warrants? O575,000 O $60,000 O $55.200 Od $63,900 $78,000
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