Fair Value | % of FMV | Proceeds Received | Cost Allocated | |
FMV of bond without warrants | $ 540,000 | 90% | $ 520,000 | $ 468,000 |
FMV of warrants alone | $ 60,000 | 10% | $ 520,000 | $ 52,000 |
Total Market Value | $ 600,000 | 100% | $ 520,000 | |
Cost allocated to Warrant is $52000 |
On December 30, 2018, Cowgirlz, Inc. issued $500,000 8% ten-year bonds at 104. Each $1,000 bond...
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