Fogel Co. has $4,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares
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Question:
a. credit of $217,600 to Paid-in Capital in Excess of Par.
b. credit of $192,000 to Paid-in Capital in Excess of Par.
c. credit of $89,600 to Premium on Bonds Payable.
d. loss of $12,800.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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