Business, 16.07.2019 01:30, negritoboy014

On april 1, 2018, austere corporation issued $370,000 of 11% bonds at 106. each $1,000 bond was sold with 40 detachable stock warrants, each permitting the investor to purchase one share of common stock for $15. on that date, the market value of the common stock was $11 per share and the market value of each warrant was $4. austere should record what amount of the proceeds from the bond issue as an increase in liabilities?

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On april 1, 2018, austere corporation issued $370,000 of 11% bonds at 106. each $1,000 bond was sold...