Transaction A convertible bond is issued ata premium. Amortization of a discount on a convertible bond at an interest date. Conversion of a convertible bond (originally @sued at par) to common stock. The carrying value of the bond is greater than the par value of the common stock. Conversion of preferred stock to common stock. Assume the preferred stock was issued over par value and its net carrying value is greater than the par value of the common stock. Assets Liabilities