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Muskete Corporation has 600,000, 10%, 10 nyear convertible bonds that were sold at face value. The bonds are convertible into 20 shares of Muskete $10
Muskete Corporation has 600,000, 10%, 10 nyear convertible bonds that were sold at face value. The bonds are convertible into 20 shares of Muskete $10 par value common stock for each 1,000 bond. On December 31,2016,after bond interest had been paid, 300,000 face value bonds were converted. Prepare same as above
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