Exhibit 14-8 Marvin Corp.issued $500, 000 of its ten-year 6% bonds at 104.Each $1, 000 bond carries ten warrants.Each warrant allows the holder to purchase one share of $10 par common stock for $50.Following the sale, relevant market values were:
$\begin{array}{ll}
\text { Bonds } & \$ 980 \text { (ex rights) } \
\text { Warrants } & \$ 14 \text { each } \
\text { Common stock } & \$ 60 \text { each }
\end{array}$

-Refer to Exhibit 14-8.The entry to record the exercise of 1, 000 warrants would include a

Question

Exhibit 14-8 Marvin Corp.issued $500, 000 of its ten-year 6% bonds at 104.Each $1, 000 bond carries ten warrants.Each warrant allows the holder to purchase one share of $10 par common stock for $50.Following the sale, relevant market values were:
$\begin{array}{ll}
\text { Bonds } & \$ 980 \text { (ex rights) } \
\text { Warrants } & \$ 14 \text { each } \
\text { Common stock } & \$ 60 \text { each }
\end{array}$
 
-Refer to Exhibit 14-8.The entry to record the exercise of 1, 000 warrants would include a

Quizplus · Accepted Answer

The Answer of Exhibit 14-8 Marvin Corp.issued $500, 000 of its ten-year 6% bonds at 104.Each $1, 000 bond carries ten warrants.Each warrant allows the holder to purchase one share of $10 par common stock for $50.Following the sale, relevant market values were:
$\begin{array}{ll}
\text { Bonds } & \$ 980 \text { (ex rights) } \
\text { Warrants } & \$ 14 \text { each } \
\text { Common stock } & \$ 60 \text { each }
\end{array}$
 
-Refer to Exhibit 14-8.The entry to record the exercise of 1, 000 warrants would include a

Exhibit 14-8 Marvin Corp -Refer to Exhibit 14-8