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Assume the Bonds were converted to Common Booker Corporation issued at a Discount of $8,000 a $100,000 Bond issue convertible into 3,000 shares of
Assume the Bonds were converted to Common Booker Corporation issued at a Discount of $8,000 a $100,000 Bond issue convertible into 3,000 shares of Common Stock (par value 510) Stock at which time the Linamortized Discount is $5.000, the market value of the bonds is $98.000, and the stock is quoted on the market at $50 per share What in the amount of Additional Paid-In Capital from Common Stock to be recorded on the conversion of the bonds? O 568,000 Ob.$75,000 Oc $100,000 Od $120.000 Oe. $65,000
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