Question: Remalhing: 55 min. CALCULATOR FULL SCREEN PRINTER VERSION SACK NEXT Multiple Choice Question 47 Bonita Industries issued $5400000 of 12%, ten-year convertible bonds on July
Remalhing: 55 min. CALCULATOR FULL SCREEN PRINTER VERSION SACK NEXT Multiple Choice Question 47 Bonita Industries issued $5400000 of 12%, ten-year convertible bonds on July 1, 2017 at 961 plus accrued interest. The bonds were dated April 1, 2017 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2018, $1200000 of these bonds were converted into 400 shares of $20 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 1, 2018 relating to the bonds converted? to the nearest dollar) O $44400. O $4320o. O $46800. ? $23400. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used
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