Norwalk Corporation Issued 10,000 Shares of $50 Par Preferred Stock

question 52

Multiple Choice

Norwalk Corporation issued 10,000 shares of $50 par preferred stock at $74 a share. A stock warrant attached to each preferred share allows the holder to buy one share of $10 par common stock for $20. Right after issuance, the preferred stock sells ex-rights for $63 per share. The warrants began selling at $7 per warrant. The amount credited to Common Stock Warrants at issuance of the preferred stock is

• A) $0.
• B) $70,000.
• C) $74,000.
• D) $160,000.

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Definitions:

Ethology

The scientific study of animal behavior, often with a focus on behaviors that occur in natural environments.

Social Learning

A process of acquiring behaviors, attitudes, or skills through observing and imitating others, especially influential individuals or role models.

Biological Explanations

These explanations attribute behaviors, mental states, and physiological conditions to biological factors, such as genetic, neurological, or evolutionary mechanisms.

Human Behaviour

Refers to the range of actions and mannerisms exhibited by humans in conjunction with their environment, which are influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and genetics.