What amount should vaughn record

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Question: On March 1, 2021, Vaughn Manufacturing issued $2130000 of 8% nonconvertible bonds at 104, which are due on February 28, 2041. In addition, each $1000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase for $50 one share of Vaughn common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2021, the fair value of Vaughn's common stock was $40 per share and the fair value of the warrants was $2. What amount should Vaughn record on March 1, 2021 as paid-in capital from stock warrants?

Reference no: EM132742515

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