What were the effects of the warrants on Finsbury

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Question - On November 2, Year 3, Finsbury, Inc., issued warrants to its shareholders giving them the right to purchase additional $20 par value common shares at a price of $30. The shareholders exercised all rights on March 1, Year 4. The shares had market prices of $33, $35, and $40 on November 2, Year 3, December 31, Year 3, and March 1, Year 4, respectively. What were the effects of the warrants on Finsbury's additional paid-in capital and net income?

Reference no: EM132446747

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