Use the Following Information for Questions 59 and 60

question 48

Multiple Choice

Use the following information for questions 59 and 60.
On May 1, 2014, Marly Co. issued $1,500,000 of 7% bonds at 103, which are due on April 30, 2024. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Marly's common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2014, the fair value of Marly's common stock was $35 per share and of the warrants was $2.
-On May 1, 2014, Marly should credit Paid-in Capital from Stock Warrants for

• A) $105,000
• B) $ 61,800
• C) $ 60,000
• D) $ 57,600

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Definitions:

Schizophrenia

An extreme mental illness marked by considerable alterations in thought patterns, affective states, identity, linguistic abilities, perceptions, and behaviors.

Mood Disorder

A mood disorder is a psychological condition characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Bipolar Disorder

An emotional wellness issue featuring pronounced shifts in mood, encompassing both euphoric (mania or hypomania) and depressed states.

Obsessive-Compulsive Disorder

A mental health disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors or mental acts (compulsions) that an individual feels driven to perform.