Old MathJax webview

Petrenko Corporation has outstanding 2,000 1,000 bonds, each convertible into 50 shares of 10 par value ordinary shares. The bonds are converted on December 31, 2015. The bonds payable have a carrying value of 1,950,000, and there is conversion equity of 10,000

Determine the value of the premium of common stock (ordinary) at the date of conversion

Petrenko Corporation has outstanding 2,000 1,000 bonds, each convertible into 50 shares of 10 par value ordinary shares. The bonds are converted on December 31, 2015. The bonds payable have a carrying value of 1.950,000, and there is conversion equity of 10,000 Determine the value of the premium of common stock (ordinary) at the date of conversion