On July 1, 2017, an Interest Payment Date, $180,000 (Par

Multiple Choice

On July 1, 2017, an interest payment date, $180,000 (par value) of Lusaka Corp.bonds were converted into 3,600 of their no par common shares.At this time, the unamortized discount on the bonds was $7,200.When the bonds were originally issued, the equity portion of the bond was valued at $1,700.Using the book value method, Lusaka would record

A) an $174,500 increase in Common Shares.
B) an $172,800 increase in Common Shares.
C) an $171,100 increase in Common Shares.
D) no change to Contributed Surplus.