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  1. business
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  3. on march 1, 2024, doman corp. issued $1 million of

On March 1, 2024, Doman Corp. issued $1 million of 10%, nonconvertible bonds at 102....

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Accounting

On March 1, 2024, Doman Corp. issued $1 million of 10%, nonconvertible bonds at 102. They were due on February 28, 2034. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the holder to purchase, for $50, one share of Doman common stock. On March 1, 2024, the quoted market value of Doman's common stock was $45 per share, and the market value of each warrant was $6. What amount of the bond issue proceeds should Doman record as an increase in equity?

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