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Question 1 GLADSTONE, Inc. issues 500 investment units consisting of one $1,000 debenture and forty shares of $.10 par value Class A common, for
Question 1 GLADSTONE, Inc. issues 500 investment units consisting of one $1,000 debenture and forty shares of $.10 par value Class A common, for $970,000. The shares traded on NASDAQ at $23.28 and the bonds were quoted at 105. Placement costs were immaterial. What was the amount recorded for premium on Bonds/P? 14048.07 15525 25000 8164.04 2244 Question 2 What was the amount recorded for APIC on the GLADSTONE A shares? 463666.1 460000 5 pts 3 pts
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