If bonds with a face value of $124000 are converted into common stock when the carrying value of the bonds is $118000, the entr record the conversion will include a debit to Bonds Payable equal to the market price of the bonds on the date of conversion. Bonds Payable for $124000. O Discount on Bonds Payable for $6000. Bonds Payable for $118000.
If bonds with a face value of $124000 are converted into common stock when the carrying value of the bonds is $118000, the entr record the conversion will include a debit to Bonds Payable equal to the market price of the bonds on the date of conversion. Bonds Payable for $124000. O Discount on Bonds Payable for $6000. Bonds Payable for $118000.
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter11: Bond Pricing And Amortization (bonds)
Section: Chapter Questions
Problem 3R
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If bonds with a face value of $124000 are converted into common stock when the carrying value of the bonds is $118000, the entry to
record the conversion will include a debit to
O Bonds Payable equal to the market price of the bonds on the date of conversion.
O Bonds Payable for $124000.
O Discount on Bonds Payable for $6000.
O Bonds Payable for $118000.
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Current Attempt in Progress
If bonds with a face value of $124000 are converted into common stock when the carrying value of the bonds is $118000, the entry to
record the conversion will include a debit to
O Bonds Payable equal to the market price of the bonds on the date of conversion.
O Bonds Payable for $124000.
O Discount on Bonds Payable for $6000.
O Bonds Payable for $118000.
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