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What amount should tris record on march as share premium

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Reference no: EM132928213

Problem 1: On March 1, 2020, Tris Corporation issued 800,000 of 8% nonconvertible bonds at 104, which are due on February 28, 2032. In addition, each 1,000 bond was issued with 25 detachable share warrants, each of which entitled the bondholder to purchase for 50 one share of Tris ordinary shares, par value 25. The bonds without the warrants would normally sell at 95. On March 1, 2020, the fair value of Tris's ordinary shares was 40 per share and the fair value of the warrants was 2. What amount should Tris record on March 1, 2020 as share premium-share warrants?

a. 40,000
b. 41,600
c. 72,000
d. 83,200

Reference no: EM132928213

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