On January 1, 2009, Bell Co. issued $10 million of 10-year convertible bonds at 105. On January
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On January 1, 2009, Bell Co. issued $10 million of 10-year convertible bonds at 105. On January 1, 2014, the bonds were converted into common stock with a market value of $11 million. Upon conversion, Bell would identify:
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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