The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
22.  Journal entries for stock warrants. Kiersten Corporation sells 60,000 common stock war- rants for $4 each on February 26, 2013. Each warrant permits its holder to purchase a share of the firm’s $10 par value common stock for $30 per share at any time during the next two years. The market price of the common shares was $20 per share on February 26, 2013. Holders of 40,000 warrants exercised their warrants on June 6, 2015, at a time when the market price of the stock was $38 per share. Kiersten Corporation experienced a major uninsured loss from a fire late in 2015, and its market price fell immediately to $22 per share. The market price remained around $22 until the stock warrants expired on Febru- ary 26, 2017. Present journal entries on February 26, 2013; June 6, 2015; and February 26, 2017, relating to these stock warrants.
Â
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------