nment PRINTER VERSION NEXT Question 1 Colson Inc. converts $600.000 of bonds sold at face value into 10,000 shares of common stock, har value $1. Both the bonds and the stock have a market value of $700,000. What amount should be credited to Paid in Capital in Excess of Par-Common Stock as a result of the conversion? $160,000 O $590,000 $600.000 O $10,000 Click if you would like to show Work for this question: Goen Show Work SHOW HINT By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor