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nash corporation has ourstanding 1 9 0 0 of $ 1 0 0 0 bonds, each convertible into 6 0 shares of $ 1 0

nash corporation has ourstanding 1900 of $1000 bonds, each convertible into 60 shares of $10 par value common stock. The bonds are converted on December 31,2025 when the unamortized discount is $37000 and the market price of the stock is $21 per share. Record the conversion using the book value approach.

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