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Question 8 (2 points) On April 1, 2021. Albert Corporation issued $300,000 of 10% bonds at 105. Each $1.000 bond was sold with 25 detachable
Question 8 (2 points) On April 1, 2021. Albert Corporation issued $300,000 of 10% bonds at 105. Each $1.000 bond was sold with 25 detachable stock warrants, each permitting the investor to purchase one share of common stock for $17. On that date, the market value of the common stock was $15 per share and the market value of each warrant was $2. Albert should record what amount of the proceeds from the bond issue as an increase in liabilities? $300,000 $315.000 $0 $285,000 Question 9 (2 points) The interest expense on an installment note increases with each periodic payment. True MacBook Air
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