Exhibit 14-13
Yoho 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:
-Refer to Exhibit 14-13. The entry to record the exercise of 1,500 warrants would include a

Question

Exhibit 14-13
Yoho 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: 
-Refer to Exhibit 14-13. The entry to record the exercise of 1,500 warrants would include a

Quizplus · Accepted Answer

The exercise of warrants increases the number of shares of common stock outstanding and the amount of additional paid-in capital on common stock.

Exhibit 14-13 Yoho Corp. Issued $500,000 of Its Ten-Year 6% Bonds at Bonds