When bonds are converted into common stock

When bonds are converted into common stock - c. the market...

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When bonds are converted into common stock: a. a gain or loss is recognized. b. the carrying value of the bonds is transferred to paid-in capital accounts.
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Unformatted text preview: c. the market price of the stock is considered in the entry. d. the market price of the bonds is transferred to paid-in capital...
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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