Use the Following Information for Questions

question 45

Multiple Choice

Use the following information for questions.
On May 1, 2012, Marly Co.issued $500,000 of 7% bonds at 103, which are due on April 30, 2022.Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Marly's ordinary shares $15 par value, were attached to each $1,000 bond.The bonds without the warrants would sell at 96.On May 1, 2012, the fair value of Marly's shares was $35 per share and of the warrants was $2.
-On May 1, 2012, Marly should credit Share Premium-Share Warrants for

• A)$20,600
• B)$35,000
• C)$20,000
• D)$15,000

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Definitions:

Community Treatment Programs

Therapeutic or rehabilitative services offered within a community setting, designed to provide support and treatment for individuals with mental health or substance use disorders.

Federal

Relating to the central government, as opposed to state or local governments.

State Funds

Financial resources that are allocated by the government for various public and governmental activities.

Neuroleptic Malignant Syndrome

A life-threatening reaction to antipsychotic drugs characterized by fever, muscle rigidity, and autonomic dysfunction, requiring immediate medical attention.