Question: Gomez Corporation issued $ 9 , 0 0 0 , 0 0 0 of 7 % , ten - year convertible bonds on July 1
Gomez Corporation issued $ of tenyear convertible bonds on July X at plus accrued interest. The bonds were dated April X with interest payable April and October Bond discount is amortized semiannually on a straightline basis. On April X $ of these bonds were converted into shares of $ par value common stock. Accrued interest was paid in cash at the time of conversion. What should be the amount of the unamortized bond discount on April X relating to the bonds converted?
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