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Business, 15.04.2020 03:12 huangjianhe135

Barker Industries issued 6,000 $1,000 bonds at 102. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Huang's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $986. What will be the carrying value of Bonds Payable on the issue date?

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Barker Industries issued 6,000 $1,000 bonds at 102. Each bond contains 20 detachable stock warrants...

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