CIOS 1000D Caborate Homework CN16 NWP Assessment Player Ul Applica Homework Ch16 Question 16 Of 20 -11 Ini View Policies Current Attempt In Progress Crane Company Issued At A Premium Of $9000 A $190000 Bond Issue Convertible Into 3000 Shares Of Common Stock (Par Value $20). At The Time Of The Conversion, The Unamortized Premium Is $3500, The Market Value Of

 

class 1006-Bb Collaborate Homework Chi NWP Assessment Player Ul Applican Homework Ch16 Question 16 of 20 View Policies -/1 E !!! Current Attempt in Progress Crane Company issued at a premium of $9000 a $190000 bond issue convertible into 3000 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $3500, the market value of the bonds is $210000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds? $139000 $153500 $133500 $130000 eTextbook and Media