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When the cash proceeds from a bond issued with detachable stock warrants exceeds the sum of the par value of the bonds and the fair market value of the warrants, the excess should be credited to: a

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When the cash proceeds from a bond issued with detachable stock warrants exceeds the sum of the par value of the bonds and the fair market value of the warrants, the excess should be credited to:
a. additional paid-in capital from stock warrants.
b. retained earnings.
c. a liability account.
d. premium on bonds payable.

Use the following information for questions 10 and 11
Presented below is information related to Fehr Corporation:
Common Stock, $1 par $2,600,000
Paid-in Capital in Excess of Par?Common Stock 330,000
Preferred 8 1/2% Stock, $50 par 1,200,000
Paid-in Capital in Excess of Par?Preferred Stock 240,000
Retained Earnings 900,000
Treasury Common Stock (at cost) 90,000

The total stockholders' equity of Fehr Corporation is

a. $5,180,000
b. $5,270,000
c. $5,300,000
d. $5,510,000

The total paid-in capital (cash collected) related to the common stock is

a. $3,050,000
b. $2,930,000
c. $3,170,000
d. $2,810,000