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Identify the specific effects (including account name and financial statement impact) of the following transactions or conditions on the various balance sheet components. Use (1)
Identify the specific effects (including account name and financial statement impact) of the following transactions or conditions on the various balance sheet components. Use (1) to indicate an increase, (D) to indicate a decrease and NE to indicate the transaction has no effect on a particular balance sheet component. Every box should have an answer. Transaction A convertible bond is issued at a premium. Conversion of a convertible bond (originally issued at par) to common stock. The carrying value of the bond is greater than the par value of the common stock. Conversion of preferred stock to common stock. Assume the preferred stock was issued over par value and its net carrying value is greater than the par value of the common stock. Exercise of a stock option. Assets Liabilities Equity
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