Use the Following Information for Questions 55-56

question 91

Multiple Choice

Use the following information for questions 55-56.
On May 1, 2020, Wong Ltd. issued $ 500,000, 10 year, 7% bonds at 103. Twenty detachable warrants were attached to each $ 1,000 bond, which entitled the holder to purchase one of Wong's no par value common shares for $ 40. At this time, similar bonds without warrants were selling at 96. It was determined that the fair value of Wong's common shares was $ 35, but the value of the warrants was NOT determinable. Wong is a private corporation that follows ASPE, but does NOT use the residual method.
-On May 1, 2020, Wong should credit Contributed Surplus-Stock Warrants for

• A) $ 35,000.
• B) $ 20,000.
• C) $ 15,000.
• D) $ 0.

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Definitions:

Intrasubject Variability

The variation in response to a treatment or condition within the same individual over a period of time.

Intraobserver Variability

Variations in measurements or assessments made by the same observer when observing the same phenomenon multiple times.

Specificity

The ability of a test to correctly identify individuals who do not have a given disease or condition among a group being tested.

Percent Agreement

A statistical measure used to assess the degree of concordance between two or more observers on a categorical scale.