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On May 1, 2025, Blossom Co. issued $1630000 of 6% bonds at 104. The bonds are due on April 30, 2031. Twenty detachable stock warrants
On May 1, 2025, Blossom Co. issued $1630000 of 6% bonds at 104. The bonds are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Blossom's common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 96. On May 1, 2025, the fair value of Blossom's common stock was $35 per share and of the warrants was $2.
On May 1, 2025, Blossom should credit Paid-in Capital from Stock Warrants for
$63608.
$130400.
$67808.
$65200.
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