Moving to another question will savers Questions pois The conversion of preferred stock into common stock requires that any excess of the par value of the common shares inued over the carrying amount of the preferred to being converted should be A treated as a prior period adjustment reflected currently in income as a discontinued operationis item C. reflected currently in income D. none of these answer o treated as a direct reduction of retained earning A 1:30 10/12 2 a o @ search (hp