Problem Daikyu Company issued 20,000 shares of P50 par value preference share for P1,300,000, with 20,000 detachable warrants to acquire 10,000 ordinary share, P1 bar, at P30. On the date of issuance, the warrants have a market value of P10. The market value of the preference share without the warrants is P60. Ninety percent o the warrants were exercised. 34. Determine the cost of the expired share warrants.

Problem Daikyu Company issued 20,000 shares of P50 par value preference share for P1,300,000, with 20,000 detachable warrants to acquire 10,000 ordinary share, P1 bar, at P30. On the date of issuance, the warrants have a market value of P10. The market value of the preference share without the warrants is P60. Ninety percent o the warrants were exercised. 34. Determine the cost of the expired share warrants.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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