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What amount of the proceeds from the bond issue

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Question - On April 1, 2018, Austere Corporation issued $360,000 of 10% bonds at 108. Each $1,000 bond was sold with 40 detachable stock warrants, each permitting the investor to purchase one share of common stock for $17. On that date, the market value of the common stock was $14 per share and the market value of each warrant was $3. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities?

a. $0.

b. $345,600.

c. $270,100.

d. $470,900.

Reference no: EM132604480

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