Multiple Choice
A company has $450,000 in bonds payable with an unamortized discount of $10,500.If two-thirds of the bonds are converted to common stock,the carrying value of the bonds payable will decrease by
A) $146,500.
B) $293,000.
C) $307,000.
D) $314,000.
Correct Answer:
Verified
Correct Answer:
Verified
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