A bond with a carrying value of $750,000 was converted into 100,000 shares of $5 per share par value common stock at a time when the market value per share was $9 per share. Which of the following statements does not accurately describe the financial accounting for the conversion? Total owners' equity increases $900,000 if the market value method of recording the conversion is used A loss of $150,000 will be recognized if the market value method of recording the conversion is used Total owners' equity increases $750,000 if the market value method of recording the conversion is used Total owners' equity increases $750,000 if the book value method of recording the conversion is used