$49.$ On March $1,2023,$ Doll Co$.$ issued $10-$year convertible bonds at $106.$ During $2026,$ the bonds were converted into common stock when the market price of Doll's common stock was $500$ percent above its par value. On March $1,2023,$ cash proceeds from the issuance of the convertible bonds should be reported as:$$

A$.$ A liability for the entire proceeds.

B$.$ Paid$-$in capital for the entire proceeds.

C$.$ Paid$-$in capital for the portion of the proceeds attributable to the conversion feature and as a liability for the balance.

D$.$ A liability for the face amount of the bonds and paid$-$in capital for the premium over the par value.

Group of answer choices

A

B

C

D