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Assume an investor chose to convert their convertible discount bond into shares at maturity. The journal entry on the issuer's books to record the conversion

Assume an investor chose to convert their convertible discount bond into shares at maturity. The journal entry on the issuer's books to record the conversion would include:

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a debit to contributed capital - conversion rights

a credit to bonds payable

a debit to common shares

a credit to Discount on Bonds Payable

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