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Dial Co. has issued $5,000 bonds that are convertible into 150 shares of common stock (par value $30). At the time of conversion on January

Dial Co. has issued $5,000 bonds that are convertible into 150 shares of common stock (par value $30). At the time of conversion on January 1, 2019, the unamortized bond premium was $120. Dial should record, as a result of this conversion, a credit to Paid-in Capital in Excess of Par of

Group of answer choices

$730.

$120.

$620.

$330.

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